G. Research, LLC entered into an agreement in principle to acquire Morgan Group Holding Co. (OTCPK:MGHL) in a reverse merger transaction on June 17, 2019. G. Research, LLC entered into a definitive agreement to acquire Morgan Group Holding Co. (OTCPK:MGHL) in a reverse merger transaction on October 31, 2019. Under the proposed terms, Morgan will issue 50 million shares and after the closing of the transaction, Associated Capital Group, Inc. (NYSE:AC), parent of G. Research, will hold approximately 91% of Morgan's outstanding common shares. A special committee was formed to negotiate a transaction. Commensurate with the closing of the transaction, Morgan's current Board of Directors, Mario J. Gabelli and Robert E. Dolan will resign as Directors and Robert E. Dolan will step down from his position as Chief Executive Officer and Chief Financial Officer. As of August 8, 2019, Vincent M. Amabile has been named President of G. Research, LLC and will become a board member of Morgan Group Holding Co. as a result of the transaction. The transaction is subject to the execution of definitive documents and the satisfaction of customary closing conditions and regulatory approvals. On June 17, 2019, Associated Capital Group, Inc.'s Board of Directors approved a proposed transaction. On October 1, 2019, the transaction received FINRA approval for the Continuing Membership Application (CMA). Michael L. Zuppone of Paul Hastings LLP acted as legal advisor to G. Research. Elizabeth R. Gonzalez-Sussman of Olshan Frome Wolosky LLP acted as the legal advisor to Morgan Group Holding.

G. Research, LLC completed the acquisition of Morgan Group Holding Co. (OTCPK:MGHL) in a reverse merger transaction on October 31, 2019. Upon closing of the transaction, Vincent M. Amabile, Jr., Joseph L. Fernandez and Stephen J. Moore were appointed Directors and Mr. Amabile and Mr. Fernandez were appointed President and Executive Vice President, Finance of Morgan Group Holding, respectively.