---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-129188"
form_type: "8-K"
ticker: null
cik: "0001604738"
company_name: "Ashford Inc."
filed_at: "2023-12-26T23:59:59+00:00"
generated_at: "2026-06-07T07:21:33.752005+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Ashford Inc. fails NYSE American equity listing standards; equity deficit $295.7M

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-23-129188
- form_type: 8-K
- cik: 0001604738
- company_name: Ashford Inc.
- filed_at: 2023-12-26T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 3.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1604738/000110465923129188/0001104659-23-129188-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1604738/000110465923129188/tm2333685d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-129188
- JSON: https://secwatch.observer/filing/0001104659-23-129188.json
- Plain text: https://secwatch.observer/filing/0001104659-23-129188.txt

## Key facts
- Listing & Compliance Notices
  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)
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1604738/000110465923129188/0001104659-23-129188-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.