Ashford Announces Acceptance Of Compliance Plan By NYSE American
Portfolio Pulse from Benzinga Newsdesk
Ashford Inc. (NYSE:AINC) announced that the NYSE American has accepted its compliance plan for continued listing, following a notification of non-compliance with listing standards related to stockholders' equity. The company has until June 20, 2025, to regain compliance, subject to quarterly reviews. Failure to meet the standards may result in delisting.
March 01, 2024 | 1:05 pm
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Ashford Inc. received approval from NYSE American for its compliance plan, addressing previous non-compliance with stockholders' equity standards. The company has a deadline until June 20, 2025, to meet the requirements.
The acceptance of Ashford Inc.'s compliance plan by NYSE American is a positive development, indicating a potential path towards resolving its stockholders' equity issues. This news could instill investor confidence in the short term, as it shows the company is taking steps to address and rectify its non-compliance issues. However, the company's ability to meet the compliance requirements within the given timeframe remains uncertain, and it is subject to quarterly reviews, which adds a layer of scrutiny but also provides a structured path towards compliance.
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