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 Exchange Act.
After delisting, liquidity for Class A stock shareholders will be provided by listing on the OTCQX platform.
The decision was based on cost savings, reduced legal and audit costs, and redirecting resources to business opportunities.
Delisting and Deregistration
AC plans to delist its common stock from NYSE and deregister under the Exchange Act to reduce costs and focus on wider business opportunities.
OTCQX Listing
AC intends to list its Class A stock on the OTCQX platform to provide liquidity to shareholders after delisting from NYSE.
Board's Decision
The Board believes the decision to delist and deregister is in the best interest of the Company and its stockholders due to cost savings and resource reallocation.
- The delisting and deregistration will result in cost savings for Associated Capital Group, Inc.
- Management resources will be redirected to explore a broader range of business opportunities post delisting.
The Voluntary NYSE Delisting and SEC Deregistration decision by Associated Capital Group, Inc. reflects a strategic move to optimize resources and focus on growth opportunities.