MediaCo regains Nasdaq compliance via note conversion boosting equity by $29.9M

Mediaco Holding Inc.

Shareholders approved conversion of SG Broadcasting notes into shares exceeding 19.9% of outstanding stock (55,044,216 for, 14,101 against).
Note conversion consummated July 28, 2022, adding ~$29.874M to stockholders' equity.
Company believes it has regained compliance with Nasdaq's $2.5M stockholders' equity requirement.
Conversion issued 12,899,480 Class A shares under Section 4(2) exemption.
Nasdaq will monitor ongoing compliance at next periodic report.

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