Associated Capital Group, Inc. 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.
The last day of trading in AC's common stock on the NYSE will be on or about September 4, 2025.
Following the delisting, AC plans to provide liquidity to its Class A stock shareholders by listing on the OTCQX platform.
Reason for Decision
Company's decision based on significant cost savings, reduction of legal and audit costs, and redirecting financial and management resources.
Financial Services Offered
Diversified global financial services providing alternative investment management through Gabelli & Company Investment Advisers, Inc.
Forward-Looking Statements
Press release contains forward-looking statements based on current expectations with a number of risks and uncertainties.
- The delisting and deregistration decision is aimed at saving costs and redirecting resources towards a wider range of business opportunities.
- Company plans to trade on the OTCQX platform following the delisting from NYSE, ensuring continued market presence for its common stock.
The decision to delist and deregister is seen as beneficial for Associated Capital Group, Inc. and its stockholders as it helps in cost-saving and refocusing resources for business growth.