Associated Capital Group, Inc. has 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.
AC plans to provide liquidity to Class A stock shareholders by listing on the OTCQX platform after delisting from the NYSE.
The Company expects the deregistration process to take effect approximately 90 days after filing Form 15 on September 4, 2025.
Reasons for Delisting
The decision to delist and deregister is based on cost savings, reduction of legal and audit costs, and redirecting resources to business opportunities.
Impact on Stockholders
Stockholders will have their shares listed on the OTCQX platform for continued trading after the NYSE delisting.
Board's Decision
The Board of Directors believes that the benefits of delisting outweigh the burdens of remaining a registered public company.
- The decision to delist and deregister is aimed at saving costs and streamlining operations.
- By redirecting resources from reporting obligations, the Company can focus on a wider range of business opportunities.
The voluntary delisting and deregistration by Associated Capital Group, Inc. marks a strategic move to enhance efficiency and redirect resources towards new business ventures.