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Reported Earlier, Ashford's Board Approves Reverse Stock Split And Delisting Strategy To Focus On Enhancing Shareholder Value

Author: Benzinga Newsdesk | April 02, 2024 03:19am

Ashford is taking these steps to avoid the substantial cost and expense of being a public reporting company and to focus the Company's resources on enhancing long-term stockholder value. The Company anticipates savings exceeding $2,500,000 on an annual basis as a result of the Proposed Transaction.

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