MediaCo receives Nasdaq deficiency notice for failing minimum net income requirement

Mediaco Holding Inc.

Nasdaq letter dated April 1, 2022 cites non-compliance with Listing Rule 5550(b)(3) based on net loss of $6.082M from continuing operations in FY2021.
Company has 45 days to submit a plan to regain compliance; Nasdaq may grant up to 180-day extension.
No immediate effect on trading; stock continues on Nasdaq Capital Market under symbol MDIA.
Company intends to take all reasonable measures to regain compliance and remain listed.

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