Associated Capital Group, Inc. announced its decision 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 delisting is expected to take place on or about September 4, 2025.
AC plans to provide liquidity to its Class A stock shareholders by listing on the OTCQX platform.
Delisting and Deregistration
AC has decided to delist its common stock from the NYSE and deregister its reporting obligations under the Exchange Act to save costs and redirect resources.
OTCQX Listing
After delisting, AC plans to have its common stock quoted on the OTCQX platform to enable continued trading.
Board's Decision
The Board believes that delisting and deregistration will benefit the Company and its stockholders by reducing costs and regulatory burdens.
- Delisting and deregistration will result in cost savings by eliminating the need to file periodic reports with the SEC and comply with various regulations.
- The move is expected to redirect financial and management resources toward new business opportunities for the Company.
The decision to voluntarily delist and deregister reflects AC's strategic shift towards optimizing resources and exploring new business avenues, aiming to create long-term value for its stakeholders.