Shareholders of Ashford Inc., a Dallas-based hospitality real estate firm, voted to approve a plan to terminate the registration of the company’s common stock...
Ashford Inc. Chairman and CEO Monty Bennett speaks to those gathered for Downtown Dallas Inc.’s annual meeting at the Omni Dallas hotel, March 1, 2024.Shareholders of Ashford Inc., a Dallas-based asset management firm dealing primarily with hospitality real estate, voted to approve a plan to terminate the registration of the company’s common stock and to delist its shares fromThe plan to terminate the company’s common stock was approved by Ashford Inc.’s board in April.
After the reverse split, stockholders owning 10,000 or more shares of the company’s common stock would have a forward split of 10,000-for-1 applied to their shares. The reverse and forward stock splits will take effect on July 29, the company stated., Business Reporter. Arcelia reports on equity and economic topics across North Texas' diverse communities. Before joining The Dallas Morning News in 2022, she covered housing, homelessness and real estate at The Tennessean in Nashville.
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