Associated Capital Group, Inc. has formally announced its intention to voluntarily delist its Class A common stock from the NYSE and deregister under Section 12(b) of the Exchange Act.
Following the delisting, AC plans to provide liquidity to its Class A stock shareholders by listing on the OTCQX platform.
The decision to delist and deregister was made in the best interest of the Company and its stockholders, aiming to redirect financial and management resources to a wider range of business opportunities.
Voluntary Delisting
AC will delist its common stock from the NYSE and deregister under the Exchange Act to save costs and redirect resources.
OTCQX Listing
AC plans to provide liquidity to its stockholders by listing its stock on the OTCQX platform.
Board Decision
The Board believes the delisting and deregistration will benefit the Company and its stockholders by reducing costs and focusing on new business opportunities.
- The delisting and deregistration will lead to cost savings by no longer preparing and filing periodic reports with the SEC.
- The move will reduce legal, audit, and other costs associated with being a reporting company, as well as decrease the demands on management's time under regulatory standards.
The formal announcement by Associated Capital Group, Inc. to voluntarily delist its common stock and deregister under the Exchange Act reflects a strategic decision to enhance operational efficiency and focus on new business opportunities. The Company aims to provide liquidity to its stockholders through alternative trading platforms.