Ashford effects reverse and forward stock splits as part of delisting plan

Ashford announced that, in connection with its previously announced plan to withdraw and delist its common stock from trading on the NYSE American, the company effected a 1-for-10,000 reverse stock split of its common stock followed immediately by a 10,000-for-1 forward stock split of its stock on July 29. Following the transaction, there were 2,066,860 shares outstanding. The NYSE American has filed with the SEC a Form 25 to effectuate the removal of the company’s common stock from listing on the NYSE American and to deregister the common stock. As a result, Ashford common stock will no longer be listed on the NYSE American. The company intends to terminate the registration of common stock under the Exchange Act and cease reporting as a public company.