Ashford Inc.: Nasdaq/NYSE listing notice — Ashford Inc. fails NYSE American equity listing standards; equity deficit $295.7M

Ashford Inc.

Stockholders' deficit of $295.7M as of Sep 30, 2023, with losses in 3 of 4 most recent fiscal years.
Company not in compliance with Sections 1003(a)(i) and (ii) of NYSE American Company Guide.
Market value of publicly held shares below $15M as of Dec 20, 2023.
Must submit a plan of compliance by Jan 19, 2024, targeting compliance by June 20, 2025.
Stock continues trading on NYSE American while evaluating alternatives.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.95

Ashford Inc. received a nyse_american deficiency notice notice regarding stockholders equity (rules 1003(a)(i), 1003(a)(ii)).

Exchange: nyse american
Notice: deficiency notice
Deficiency: stockholders equity
Rules: 1003(a)(i), 1003(a)(ii)

Exact text from the filing

December 20, 2023, Ashford Inc. (the “Company”) received a letter (the “Letter”) from the NYSE American LLC (the “NYSE American”) stating that the Company is not in compliance with the continued listing standards set forth in Sections 1003(a)(i) and (ii) of the NYSE American Company Guide (the “Company Guide”). Section 1003(a)(i) requires a listed company to have stockholders’ equity of $2 million or more if the listed company has reported losses from continuing operations and/or net losses in two of its three most recent fiscal years. Section 1003(a)(ii) requires a listed company to have stoc

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Source: SEC EDGAR

accession 0001104659-23-129188

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