Associated Capital Group, Inc. announces its intention to voluntarily delist its Class A common stock from the NYSE and deregister under Section 12(b) of the Securities Exchange Act of 1934.
The company plans to provide liquidity to its Class A stock shareholders by listing on the OTCQX platform.
The decision to delist and deregister is based on cost savings and redirecting resources to wider business opportunities.
NYSE Delisting
AC will delist its common stock from the NYSE and deregister under the Securities Exchange Act of 1934.
OTCQX Listing
AC plans to list its Class A stock on the OTCQX platform post-delisting from the NYSE.
Board Decision
The Board believes delisting and deregistering will benefit the company and its stockholders by reducing costs and redirecting resources.
- The decision to delist and deregister signifies a shift in focus towards cost-saving measures and wider business opportunities.
- Trading of AC's common stock will transition to the OTCQX platform, with the company taking actions to enable a trading market for its shares.
The move by Associated Capital Group to delist from the NYSE and deregister with the SEC is a strategic decision aimed at optimizing resources and providing more flexibility for future business ventures.