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 on the NYSE will be around September 4, 2025, with expectations to provide liquidity to shareholders on the OTCQX platform.
The decision was based on cost savings, reduction of legal and audit costs, and redirection of resources to wider business opportunities.
Voluntary Delisting
AC is voluntarily delisting its common stock from NYSE to save costs and redirect resources.
Deregistration Process
AC plans to deregister under the Securities Exchange Act of 1934 after delisting from NYSE.
Impact on Shareholders
AC aims to provide liquidity to shareholders post-delistment through the OTCQX platform.
- The decision to delist and deregister is aimed at cost-saving and redirecting resources to broader business opportunities.
- AC's focus on reducing legal and audit costs indicates a strategic shift in operational priorities.
- The deregistration process marks a significant step in streamlining reporting obligations and management resources.
The Board of Directors believes the delisting and deregistration are in the best interest of the company and its shareholders, paving the way for enhanced focus on business opportunities.