regulatory
confidence high
sentiment negative
materiality 0.75
Mediaco Holding Inc. (MDIA): Nasdaq/NYSE listing notice — MediaCo gets 180-day extension to Sept 9, 2024 to cure Nasdaq minimum bid price deficiency
Mediaco Holding Inc.
- Nasdaq granted MediaCo a second 180-day period, until September 9, 2024, to meet the $1.00 minimum bid price requirement.
- If bid price closes at $1.00 or more for 10 consecutive business days before deadline, compliance will be achieved.
- Failure to regain compliance may result in delisting from Nasdaq; Company may appeal any delisting determination.
- MediaCo will consider options including a reverse stock split to cure the deficiency.
- Common stock (MDIA) continues trading on Nasdaq Capital Market; no immediate effect on listing.