Associated Capital Group plans NYSE delisting, moves to OTCQX

Associated Capital Group Inc. (NYSE: AC) announced it will voluntarily delist its Class A common stock from the New York Stock Exchange and deregister under the Securities Exchange Act of 1934. The company plans to file Form 25 with the Securities and Exchange Commission on or about August 25, 2025.

The last day of trading on the NYSE will be on or about September 4, 2025, when the Form 25 takes effect. The company's deregistration is expected to become effective 90 days thereafter. When Associated Capital files Form 15 on or about September 4, 2025, its filing obligations under the Exchange Act will be suspended or terminated, including reports on Forms 8-K, 10-Q and 10-K.

The Greenwich, Connecticut-based company has filed an application for its common stock to be quoted on the OTCQX platform, operated by OTC Markets Group Inc. The company stated it will continue to provide information to stockholders and take actions to enable a trading market in its common stock to exist, though it noted there is no guarantee that brokers will continue to make a market in the common stock.

The board of directors determined that burdens associated with operating as a registered public company outweigh any advantages at this time. The decision was based on factors including cost savings from no longer preparing and filing periodic reports with the SEC, reduction of legal and audit costs associated with being a reporting company, and costs and demands on management time under the Sarbanes-Oxley Act.

Associated Capital Group is a diversified global financial services company that provides alternative investment management through Gabelli & Company Investment Advisers Inc. The company has also allocated proprietary capital for its direct investment business that invests in new and existing businesses.

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