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AC

Associated Capital Group to Delist & Deregister from NYSE

Associated Capital Group, Inc. (NYSE: AC) has 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 "Exchange Act"). The last day of trading in AC's common stock on the NYSE is expected to be on or about September 4, 2025, after which the company plans to provide liquidity to its class A stock shareholders by listing AC class A on the OTCQX platform.

The decision to delist and deregister was based on a review of numerous factors, including significant cost savings from no longer preparing and filing periodic reports with the SEC, reduction of legal, audit, and other costs associated with being a reporting company, as well as the substantial costs and demands on management’s time under the Sarbanes-Oxley Act of 2002, SEC rules, and NYSE listing standards.

Associated Capital Group, Inc. has filed an application for its common stock to be quoted on the OTCQX platform, operated by OTC Markets Group Inc., and will continue to provide information to its stockholders to enable a trading market in its common stock to exist.

The company's board of directors believes that the decision to delist the common stock from the NYSE and deregister and suspend its reporting obligations under the Exchange Act is in the best interest of the company and its stockholders. Once delisted and deregistered, the board believes that the company will redirect its financial and management resources to a wider range of business opportunities.

As of the latest announcement, Associated Capital Group, Inc. remains a diversified global financial services company that provides alternative investment management through Gabelli & Company Investment Advisers, Inc. (GCIA) and has proprietary capital for its direct investment business investing in new and existing businesses.

It's important to note that the company's stock will be delisted from the NYSE and listed on the OTCQX platform, and there is no guarantee that a broker will continue to make a market in the common stock or that trading of the common stock will continue on the OTCQX or otherwise. Today the company's shares have moved -6.57% to a price of $34.25. Check out the company's full 8-K submission here.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.

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