Ashford Inc. Announces Effectuation Of A 1-For-10,000 Reverse Stock Split, Followed Immediately By A 10,000-For-1 Forward Stock Split
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Ashford Inc. (NYSE:AINC) has announced a 1-for-10,000 reverse stock split followed by a 10,000-for-1 forward stock split as part of its plan to delist from the NYSE American stock exchange.
July 31, 2024 | 12:12 pm
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Ashford Inc. (NYSE:AINC) has executed a 1-for-10,000 reverse stock split followed by a 10,000-for-1 forward stock split as part of its delisting plan from the NYSE American stock exchange.
The reverse and forward stock splits are part of Ashford Inc.'s plan to delist from the NYSE American stock exchange. This action may create uncertainty and volatility in the short term, likely leading to a negative impact on the stock price.
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