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 Securities Exchange Act of 1934.
Following delisting from the NYSE, AC plans to provide liquidity to its Class A stock shareholders by listing on the OTCQX platform.
The Board of Directors believes that delisting and deregistration is in the best interest of the Company and its stockholders.
Voluntary Delisting
AC will delist its common stock from the NYSE to save costs and redirect resources.
Deregistration Process
The Company will deregister under the Securities Exchange Act, suspending reporting obligations.
Board Decision
The Board decided delisting is advantageous due to cost savings and business focus benefits.
- The decision to delist and deregister will result in significant cost savings for AC.
- Redirecting financial and management resources to a wider range of business opportunities is a strategic move by the Company.
The move to delist and deregister by Associated Capital Group, Inc. marks a strategic shift that aims to benefit the Company and its stockholders. By focusing on cost savings and redirecting resources, AC is positioning itself for future growth and opportunities.