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Published 2 months ago

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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