Associated Capital Group, Inc. (NYSE: AC) has announced its voluntary decision to delist its Class A common stock from the NYSE and deregister under Section 12(b) of the Securities Exchange Act of 1934.
Following delisting, AC aims to provide liquidity to its stockholders by transitioning its Class A stock to the OTCQX platform, with trading expected to continue after the delisting process.
The Board of Directors concluded that the strategic move will optimize cost savings, reduce regulatory overhead, and allow for a more efficient allocation of resources towards new business endeavors.
Strategic Decision for Cost Efficiency
AC will delist its Class A common stock from NYSE and deregister under Section 12(b) of the Securities Exchange Act of 1934 to reduce regulatory burdens and focus on alternative investment strategies.
Board's Justification for Delisting
The Board of Directors believes that the advantages of delisting outweigh the burdens of operating as a registered public company, leading to a redirection of financial and management resources towards broader business opportunities.
Timeline for Delisting and Deregistration
AC plans to file Form 25 with the SEC on August 25, 2025, initiating the delisting process, and expects the deregistration to become effective approximately ninety days thereafter.
- The delisting and deregistration decisions are aimed at achieving significant cost savings by eliminating reporting requirements and streamlining management resources.
- AC anticipates providing liquidity to its stockholders by transitioning the trading of its common stock to the OTCQX platform, subject to market conditions and broker interest.
The decision to voluntarily delist and deregister from NYSE showcases Associated Capital Group's focus on optimizing operational efficiency and redirecting resources towards strategic business opportunities.