Ashford Inc.: Nasdaq/NYSE listing notice — NYSE American accepts Ashford Inc.'s compliance plan; stock continues listing through June 2025

Ashford Inc.

NYSE American accepted compliance plan on Feb 27, 2024; plan period ends June 20, 2025.
Company had stockholders' deficit of $295.7M as of Sep 30, 2023; losses in three of four recent fiscal years.
Noncompliance with Sections 1003(a)(i) and (ii) requiring $2M/$4M stockholders' equity.
Company subject to quarterly reviews; must show progress consistent with plan or face delisting.
Stock remains listed on NYSE American during the extension period.

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 was 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 sto

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Source: SEC EDGAR

accession 0001604738-24-000005

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