Associated Capital Group, Inc. announced its intention to voluntarily delist its Class A common stock from the NYSE and deregister under the Securities Exchange Act of 1934.
The last day of trading in AC's common stock on the NYSE will be on or about September 4, 2025.
AC intends to provide liquidity to its stockholders by listing AC Class A on the OTCQX platform.
Delisting from NYSE
AC plans to delist its common stock from the NYSE and deregister under the Exchange Act to reduce costs and redirect resources.
OTCQX Listing
AC aims to list its Class A stock on the OTCQX platform to continue trading after delisting from the NYSE.
Board Decision
The Board believes that delisting and deregistering will benefit the Company and stockholders by saving costs and focusing on business opportunities.
- The decision to delist and deregister indicates a strategic shift towards cost savings and focusing on alternative business opportunities.
- AC's intention to provide liquidity to shareholders post-delistment shows a commitment to maintaining trading avenues for investors.
Associated Capital Group's move to delist from NYSE and deregister represents a strategic decision to streamline operations and redirect resources towards new business ventures.