DALLAS, July 31,
2024 /PRNewswire/ -- Ashford Inc. (NYSE
American: AINC) ("Ashford" or the "Company"), today announced that
in connection with its previously announced plan to withdraw and
delist its common stock from trading on the NYSE American LLC stock
exchange (the "NYSE American") under the Securities Exchange Act of
1934, as amended (the "Exchange Act"), the Company effected a
1-for-10,000 reverse stock split of the Company's common stock (the
"Reverse Stock Split") followed immediately by a 10,000-for-1
forward stock split of the Company's common stock (the "Forward
Stock Split," together with the Reverse Stock Split, the
"Transaction"), on July 29, 2024 at
5:01 p.m. Eastern Time and
5:02 p.m. Eastern Time, respectively.
Following the Transaction, there were 2,066,860 shares
outstanding.
The NYSE American has filed with the Securities and Exchange
Commission (the "SEC") a Form 25 to effectuate the removal of the
Company's common stock from listing on the NYSE American and to
deregister the common stock under Section 12(b) of the Exchange
Act. As a result, Ashford common stock will no longer be listed on
the NYSE American. The Company intends to terminate the
registration of common stock under the Exchange Act and cease
reporting as a public company.
For more information regarding the Company's deregistration and
delisting transaction, please refer to the definitive proxy
statement on Schedule 14A filed with the SEC on June 21, 2024.
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SOURCE Ashford Inc.
