Associated Capital Group, Inc. has announced its intention to 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 following the de-listing from the NYSE.
AC's common stock deregistration is expected to become effective ninety days after filing Form 15 on or about September 4, 2025.
Delisting and Deregistration
AC intends to delist its common stock from the NYSE and deregister under the Securities Exchange Act of 1934 to redirect its resources to broader business opportunities.
Financial Impact
The decision aims to save costs associated with filing SEC reports and reduce legal, audit, and management time burdens.
OTCQX Listing
AC has applied for its common stock to be quoted on the OTCQX platform, but there is no guarantee of continued trading or market availability.
- The decision to delist and deregister stems from a careful review by AC's Board, considering the cost savings and management resources reallocation benefits.
- AC remains committed to providing information to stockholders and enabling a trading market for its common stock, although market continuity is not guaranteed.
This strategic move by Associated Capital Group, Inc. reflects its commitment to optimizing resources and exploring diverse business opportunities after delisting and deregistration from the NYSE.