Ashford Hospitality Tackles NYSE Non-Compliance with Reverse Split

Ashford Hospitality ( (AHT) ) has shared an update.

Ashford Hospitality Trust has received a notice from the New York Stock Exchange for not meeting the minimum average closing stock price requirement and plans to execute a 1-for-10 reverse stock split to address the issue. The company aims to regain compliance within a six-month cure period and maintain its NYSE listing, with its stock continuing to trade under the symbol “AHT” with an added “.BC” designation indicating non-compliance. The reverse stock split is expected to make Ashford’s shares more attractive and accessible to a broader investor base, without impacting current business operations or SEC reporting obligations.

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