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ASHFORD ANNOUNCES ACCEPTANCE OF COMPLIANCE PLAN BY NYSE AMERICAN - Ashford (AMEX:AINC)

Summary by Ground News
The NYSE American LLC has accepted the Company's plan of compliance for continued listing on the exchange. The Company reported a stockholders' deficit of $295.7 million as of September 30, 2023, and has had losses from continuing operations and/or net losses in three of its four most recent fiscal years. If the Company does not regain compliance with the NYSEAmerican listing standards by June 20, 2025, or if it does not make sufficient progress consistent with its plan, then the New York Exchange may initiate delisting proceedings.

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ASHFORD ANNOUNCES ACCEPTANCE OF COMPLIANCE PLAN BY NYSE AMERICAN - Ashford (AMEX:AINC)

DALLAS, March 1, 2024 /PRNewswire/ --  Ashford Inc. (NYSE:AINC) ("Ashford" or the "Company") today announced that the NYSE American LLC (the "NYSE American") has accepted the Company's plan of compliance for continued listing on the exchange. As previously reported, on December 20, 2023, the Company received notification (the "Letter") from the NYSE American that it was not in compliance with the continued listing standards set forth in the NYSE…

·New York, United States
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Benzinga broke the news in New York, United States on Friday, March 1, 2024.
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