Associated Capital Group to Leave NYSE Following Diversified Financial Services Company's Rebranding and Restructuring Efforts

Associated Capital Group, a diversified global financial services company, will delist from the NYSE. The company provides alternative investment management services and operates a direct investment business. It conducts its investment management activities through subsidiaries Gabelli & Company Investment Advisers and Gabelli & Partners, serving a variety of investors globally, including private wealth management clients and corporations.

Associated Capital Group, Inc. (NYSE: AC), a diversified global financial services company based in Greenwich, Connecticut, has announced its intention to voluntarily delist its Class A common stock from the New York Stock Exchange (NYSE). The company has filed formal notice with the NYSE and the U.S. Securities and Exchange Commission (SEC) to deregister under Section 12(b) of the Securities Exchange Act of 1934. The last day of trading on the NYSE for AC's common stock is expected to be September 4, 2025, and the deregistration process is anticipated to complete within 90 days thereafter [1][2].

Following the delisting, Associated Capital Group plans to provide liquidity to its Class A stock shareholders by listing the common stock on the OTCQX platform, operated by OTC Markets Group Inc. The company has filed an application for this purpose and expects to continue providing information to its stockholders to enable a trading market in its common stock. However, there is no guarantee that a broker will continue to make a market in the common stock or that trading will continue on the OTCQX platform [1][2].

The decision to delist and deregister was made by the Board of Directors of the Company, who believe that the move is in the best interest of the Company and its stockholders. The Board has determined that the costs associated with operating as a registered public company, including preparing and filing periodic reports with the SEC, legal, audit, and other costs, as well as the demands on management’s time under the Sarbanes-Oxley Act of 2002, SEC rules, and NYSE listing standards, outweigh any advantages at this time. The Company's intention is to redirect its financial and management resources to a wider range of business opportunities once delisted and deregistered [1][2].

Associated Capital Group provides alternative investment management services through subsidiaries such as Gabelli & Company Investment Advisers, Inc. (GCIA) and Gabelli & Partners, serving a variety of investors globally, including private wealth management clients and corporations. The company also operates a direct investment business that invests in new and existing businesses, with core pillars including Gabelli Private Equity Partners, LLC (GPEP) and Gabelli Principal Strategies Group, LLC (GPS) [1][2].

The delisting and deregistration process is subject to certain risks and uncertainties, including the possibility that actual results could differ materially from the Company's expectations. Forward-looking statements in this press release are based on current expectations and involve a number of risks and uncertainties [1][2].

References:
[1] https://finance.yahoo.com/news/associated-capital-group-inc-announces-210100989.html
[2] https://www.globenewswire.com/news-release/2025/08/15/3134488/0/en/associated-capital-group-inc-announces-voluntary-nyse-delisting-and-sec-deregistration.html