Ashford Hospitality Announces Reverse Stock Split

The latest announcement is out from Ashford Hospitality ( (AHT) ).

Ashford Hospitality Trust, Inc. announced a one-for-ten reverse stock split aiming to boost its stock price and comply with NYSE’s minimum listing requirements. Effective October 25, 2024, the reverse split will reduce outstanding shares from approximately 54.6 million to 5.5 million, with trading on a split-adjusted basis beginning October 28. The move ensures no change in shareholders’ proportional ownership or rights.

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