Associated Capital Group, Inc. announced 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.
AC plans to provide liquidity to its Class A stock shareholders by listing on the OTCQX platform after delisting from the NYSE.
The Board of Directors believes that delisting and deregistering are in the best interest of the Company and its stockholders.
Delisting and Deregistration
AC plans to delist its Class A common stock from the NYSE and deregister under the Securities Exchange Act of 1934.
OTCQX Listing
After delisting, AC intends to provide liquidity to its Class A stock shareholders by listing on the OTCQX platform.
Board's Decision
The Board determined that the cost savings and redirecting resources to business opportunities justify delisting and deregistering.
- Delisting and deregistering will save the Company significant costs associated with regulatory filings and compliance.
- The decision to redirect financial and management resources towards broader business opportunities may lead to strategic growth for AC.
Associated Capital Group's decision to delist and deregister reflects a strategic shift towards focusing resources on broader business opportunities and providing liquidity to its stockholders.