Associated Capital Group, Inc. (AC) announced its intention to voluntarily delist its Class A common stock from the New York Stock Exchange (NYSE) and deregister under Section 12(b) of the Securities Exchange Act of 1934. The company plans to provide liquidity to its Class A shareholders by listing its common stock on the OTCQX platform following the delisting.
AC plans to file a Form 25 with the U.S. Securities and Exchange Commission (SEC) on or about August 25, 2025, with the last day of trading on the NYSE expected to be on or about September 4, 2025. Following the filing of Form 15 on or about September 4, 2025, AC's filing obligations under the Exchange Act, including Forms 8-K, 10-Q, and 10-K, will be suspended or terminated.
The Board of Directors determined that the burdens associated with operating as a registered public company, including significant costs for preparing and filing periodic reports, legal, audit, and Sarbanes-Oxley compliance, outweigh the advantages. The company believes this decision will allow it to redirect financial and management resources to a wider range of business opportunities.
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