Associated Capital Group, Inc. intends 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 Company plans to provide liquidity to its Class A stock shareholders by listing AC Class A on the OTCQX platform.
AC expects the delisting from NYSE to take effect on or about September 4, 2025, followed by deregistration about ninety days later.
Delisting and Deregistration
AC is delisting its common stock from NYSE and deregistering under the Exchange Act to save costs and focus resources on business opportunities.
OTCQX Listing
AC intends to have its common stock listed on the OTCQX platform after delisting from NYSE to provide liquidity to shareholders.
Board Decision
The Board believes that the delisting and deregistration decision will benefit the Company and stockholders by reducing financial burdens and redirecting resources.
- The delisting and deregistration will lead to significant cost savings on preparing and filing periodic reports with the SEC.
- The move will also reduce legal, audit, and management time costs associated with being a reporting company.
Associated Capital Group's strategic decision to delist and deregister reflects a shift towards optimizing resources for future growth opportunities in the financial services sector.