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 Securities Exchange Act of 1934.
The last day of trading in AC's common stock on the NYSE is expected to be on or about September 4, 2025.
The Board of Directors believes that delisting and deregistration is in the best interest of the Company and its stockholders, citing significant cost savings and redirecting resources to wider business opportunities.
NYSE Delisting
AC intends to voluntarily delist its Class A common stock from the NYSE.
SEC Deregistration
AC plans to deregister under Section 12(b) of the Securities Exchange Act of 1934.
Effects on Filing Obligations
The decision to delist and deregister will result in the suspension or termination of filing obligations under the Exchange Act.
Board's Rationale
The Board believes that the benefits of delisting and deregistering outweigh the burdens of operating as a registered public company.
- The delisting and deregistration will lead to significant cost savings for the Company, as it will no longer be required to prepare and file periodic reports with the SEC.
- The redirection of financial and management resources towards a wider range of business opportunities is expected to enhance the Company's strategic initiatives.
Associated Capital Group's decision to delist and deregister reflects a strategic shift towards optimizing resources and focusing on broader business prospects. The move is carefully considered to align with the Company's long-term goals and enhance shareholder value.