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Ashford Inc. files shelf registration

Ashford Inc. on Oct. 5 filed a shelf registration statement for the potential sale of its securities from time to time.

The filing covers the sale of the company's common stock, preferred stock, depository shares, debt securities, warrants, rights and units.

The proposed maximum aggregate offering price was listed as $353 million, estimated solely for the purpose of calculating the registration fee.

The company expects to use the net proceeds from the sale of securities for general corporate purposes, potentially including the repayment of outstanding indebtedness, stock repurchases, capital expenditures, and investments and acquisitions, among other areas.

The filing also includes up to 8,120,000 shares of series B preferred stock that may be sold by selling stockholders and up to 1,450,000 common shares initially issuable upon conversion of the series B preferred stock.