other material
confidence high
sentiment neutral
materiality 0.50
Ashford Hospitality Trust completes 1-for-10 reverse stock split; shares reduced to ~5.5M
ASHFORD HOSPITALITY TRUST INC
- Reverse stock split at 1-for-10 ratio effective after market close on October 25, 2024.
- Outstanding common shares reduced from ~55.2M to ~5.5M; proportional ownership unchanged.
- Common stock to trade on split-adjusted basis on NYSE beginning October 28, 2024, under symbol AHT.
- Partnership units of Ashford Trust OP also reduced at same ratio, from ~2.1M to ~200k units.
- 2021 Stock Incentive Plan and all outstanding equity awards ratably adjusted for the split.