Deal Details
Ashford Completes Delisting
Summary
Ashford Inc. (“Ashford”) executed a 1-for-10,000 reverse stock split and repurchase followed immediately by a 10,000-for-1 forward stock split as part of its strategy to delist from the NYSE American and deregister its common stock under the Securities Exchange Act of 1934, transitioning the company to private status.
Baird served as financial advisor to Ashford on this transaction.
About
Ashford is an alternative asset management company that specializes in providing investment management and related services to the real estate and hospitality sectors. Founded in 2014, Ashford operates several strategic business units, including hotel management, design and development services and event technology solutions. The firm serves as the advisor to two NYSE-listed real estate investment trusts, Ashford Hospitality Trust and Braemar Hotels & Resorts, and has a significant portfolio in the hospitality industry. Ashford is headquartered in Dallas, Texas.CONTACT US TO LEARN MORE
- Date
- August 2024
- Company
- Ashford Inc.
- Transaction
- Other Advisory
- Sectors
- Real Estate
- Verticals
-
Real Estate
- Target Geography
- North America
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