Ashford Hospitality Trust Faces Delisting Concerns

TL;DR

AHT might get delisted - stock exchange listing rules are shaky.

AI Summary

Ashford Hospitality Trust, Inc. (AHT) filed an 8-K on September 26, 2024, reporting a notice of delisting or failure to satisfy a continued listing rule. The filing indicates potential issues with the company's compliance with stock exchange listing standards as of September 23, 2024.

Why It Matters

This filing signals potential financial distress or non-compliance with exchange rules, which could lead to the company's stock being removed from major exchanges, impacting investor confidence and liquidity.

Risk Assessment

Risk Level: high — The company is facing potential delisting, which is a severe indicator of financial instability and risk.

Key Players & Entities

• Ashford Hospitality Trust, Inc. (company) — Registrant
• 0001232582-24-000120 (filing_id) — Accession Number
• September 23, 2024 (date) — Earliest event date
• September 26, 2024 (date) — Filing date

FAQ

Key Financial Figures

• $1.00 — he Company's common stock was less than $1.00 over a consecutive 30 trading-day perio

Filing Documents

• aht-20240923.htm (8-K) — 39KB
• exhibit991pressreleasetofo.htm (EX-99.1) — 13KB
• ashforda.jpg (GRAPHIC) — 198KB
• 0001232582-24-000120.txt ( ) — 514KB
• aht-20240923.xsd (EX-101.SCH) — 3KB
• aht-20240923_def.xml (EX-101.DEF) — 17KB
• aht-20240923_lab.xml (EX-101.LAB) — 31KB
• aht-20240923_pre.xml (EX-101.PRE) — 18KB
• aht-20240923_htm.xml (XML) — 7KB

01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. On September 23, 2024, Ashford Hospitality Trust, Inc. (the "Company") received a written notice (the "Notice") from the New York Stock Exchange (the "NYSE") that it is not in compliance with Section 802.01C of the NYSE Listed Company Manual because the average closing price of the Company's common stock was less than $1.00 over a consecutive 30 trading-day period. The notice does not result in the immediate delisting of the Company's common stock from the NYSE. The Company plans to notify the NYSE within 10 business days of receipt of the Notice that it intends to cure the stock price deficiency and to return to compliance with the NYSE continued listing standards. The Company can regain compliance at any time within a six-month cure period following its receipt of the Notice if, on the last trading day of any calendar month during such cure period, the Company has both: (i) a closing share price of at least $1.00 and (ii) an average closing share price of at least $1.00 over the 30 trading-day period ending on the last trading day of the applicable calendar month. The Company intends to remain listed on the NYSE and intends to execute a 1-for-10 reverse stock split to regain compliance with the NYSE's continued listing standards. Section 802.01C provides for an extension to the six-month cure period if the action required to cure the price condition requires stockholder approval, in which case, the action needs to be approved by no later than the Company's next annual stockholder's meeting and implemented promptly thereafter. The Company's common stock will continue to be listed and traded on the NYSE during this period, subject to the Company's compliance with other NYSE continued listing standards. The Company's common stock will continue to trade under the symbol "AHT," but will have an added designation of ".BC" to indicate that the Company is n

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. As required by Section 802.01C, the Company issued a press release on September 26, 2024, announcing that it had received the notice of noncompliance with the NYSE's continued listing standards. A copy of the press release is being furnished herewith as Exhibit 99.1.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 99.1 Press Release of the Company dated September 26, 2024. 104 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document.

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ASHFORD HOSPITALITY TRUST, INC. Dated: September 26, 2024 By: /s/ Alex Rose Alex Rose Executive Vice President, General Counsel & Secretary

View Full Filing

View this 8-K filing on SEC EDGAR