BBX Capital to pursue strategic cost-cutting, deregister with SEC, cut board to 7

BBX Capital, Inc.

Cash of $87.7M at Dec 31, 2024; cites economic challenges, tariffs, recession fears.
Plans possible sale of subsidiaries/terminations, pause real estate, staff and exec salary cuts.
Deregister Class A (OTCQX) and Class B (PINK) stock under Exchange Act; file Form 15.
Board reduced from 12 to 7 directors; named Levan, Abdo, Levan, Wise, Coldren, Holcombe, Sterling.
Strategic process expected to take 2-5 years; will file OTC-required info after deregistration.

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