Associated Capital Group, Inc. has announced its intention to delist its Common Stock from the NYSE and deregister under Section 12(b) of the Securities Exchange Act of 1934.
Following delisting, the company plans to provide liquidity to its shareholders by listing on the OTCQX platform.
The decision is driven by the company's belief that the benefits of no longer being a public company outweigh the advantages.
Voluntary Delisting and Deregistration
Associated Capital Group, Inc. voluntarily delists its Class A common stock from the NYSE and plans to list it on the OTCQX platform.
- The Board believes that the decision to delist and deregister is in the best interest of the Company and its stockholders.
- The move will result in significant cost savings and reduction of legal, audit, and other costs associated with being a reporting company.
- Redirecting financial resources towards a wider range of business opportunities is a key objective post-delistment.
The decision to delist from the NYSE and deregister from the SEC marks a strategic move by Associated Capital Group, Inc. to focus on business growth and provide liquidity to its shareholders.