regulatory
confidence high
sentiment negative
materiality 0.65
URBAN ONE, INC. (UONE): Nasdaq/NYSE listing notice — Urban One receives Nasdaq bid-price deficiency notice for Class D common stock
URBAN ONE, INC.
- Nasdaq notified Urban One on Feb 11, 2025, that Class D stock (UONEK) closed below $1.00 for 30 consecutive business days.
- Company has 180 calendar days (until Aug 11, 2025) to regain compliance by achieving $1.00 closing bid for 10 consecutive days.
- If not cured by Aug 11, Company may qualify for an additional 180-day period by meeting other listing standards and effecting a reverse stock split if needed.
- Class A common stock (UONE) is not affected by the deficiency notice.
- Company will consider all options including a reverse stock split but gives no assurance of regaining compliance.