Ashford Hospitality Trust Intends To Execute 1-For-10 Reverse Stock Split In Order To Regain NYSE Compliance
Portfolio Pulse from Benzinga Newsdesk
Ashford Hospitality Trust plans a 1-for-10 reverse stock split to regain compliance with NYSE listing requirements.
September 26, 2024 | 8:16 pm
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NEUTRAL IMPACT
Ashford Hospitality Trust is executing a 1-for-10 reverse stock split to regain compliance with NYSE listing requirements.
The reverse stock split is a strategic move to increase the stock price and meet NYSE's minimum price requirements. This action is neutral in the short term as it does not change the company's market capitalization but may affect investor perception.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100