RYE, New York, November 1, 2019 – Morgan Group Holding Co. (“Morgan”, OTC: MGHL) today announced the completion of its acquisition of G.research, LLC, a wholly owned subsidiary of Associated Capital Group (“AC”, NYSE:AC). Under the terms of the transaction, Morgan issued 50,000,000 shares of Morgan’s common stock to Associated Capital Group. As a result of the transaction, AC holds approximately 83% of Morgan’s outstanding common shares. In addition, Vincent M. Amabile, Jr., President of Morgan purchased 5 million shares of Morgan at closing.