Category: Press

Morgan Group Completes Acquisition Of G.Reasearch, LLC

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.

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Jonathan P. Evans Joins as Chief Executive Officer

RYE, New York, October 22, 2012 – (OTC: MGHL) Morgan Group Holding Co. is today announcing that Jonathan P. Evans has been appointed as the Company’s Chief Executive Officer, effective November 1, 2012. In the position he replaces Mario J. Gabelli, who remains non-executive Chairman after more than ten years of service in the role, for which he received no salary or fees. Mr. Evans also has been elected to the Board of Directors.

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Morgan Group Holding Company Announces Second Quarter Results and Expected Date for its Annual Meeting

RYE, New York, August 4, 2011 – Morgan Group Holding Co. (OTC: MGHL) announced today its operating results for the Second Quarter of 2011 (see Exhibit A).

During the second quarter of 2011, our loss was $1,766, or $0.0004 per share, as compared to a loss of $2,249, or $0.0007 per share, in the second quarter of 2010. Lower administrative expenses and higher dividend income and gain from our investment in marketable securities resulted in the lower loss.

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Morgan Group Holding Co. Announces That Morgan Group Plans To File For Bankruptcy Protection

RYE, New York, October 4, 2002 – Morgan Group Holding Co. (OTC:MGHL) announced today that The Morgan Group, Inc. (AMEX: MG) issued a press release today reporting that The Morgan Group, Inc.’s Board of Directors passed a resolution for The Morgan Group, Inc. and two of its operating subsidiaries to file for bankruptcy protection within the next few days.

The press release stated that The Morgan Group, Inc. and two of its wholly-owned operating subsidiaries, Morgan Drive Away, Inc. and TDI, Inc., intend to pursue a Chapter 11 liquidation of all assets and liabilities.

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