{"schema_version":"secwatch.filing_event.v1","accession":"0001058623-24-000109","form_type":"8-K","ticker":"CMLS","cik":"0001058623","company_name":"CUMULUS MEDIA INC","filed_at":"2024-12-20T23:59:59+00:00","discovered_at":"2026-05-14T18:03:07.530004+00:00","generated_at":"2026-05-29T00:00:39.373445+00:00","sec_items":["3.01"],"event_type":"regulatory","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Cumulus Media receives NASDAQ delisting notice for bid price below $1.00","bullets":["On Dec 16, 2024, NASDAQ notified Cumulus Media (CMLS) of non-compliance with bid price rule (below $1.00 for 30 consecutive days).","Company has until June 16, 2025 to regain compliance by closing at $1.00+ for 10 consecutive business days.","If not cured by June 16, 2025, Cumulus may qualify for an additional 180-day extension if it meets other listing standards.","Company is evaluating options to resolve the deficiency, but there is no assurance of regaining compliance."],"urls":{"canonical":"https://secwatch.observer/filing/0001058623-24-000109","json":"https://secwatch.observer/filing/0001058623-24-000109.json","markdown":"https://secwatch.observer/filing/0001058623-24-000109.md","text":"https://secwatch.observer/filing/0001058623-24-000109.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1058623/000105862324000109/0001058623-24-000109-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1058623/000105862324000109/cmls-20241216.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-29T00:00:39.373445+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"4e00b5174eaf6065786e88b6bc9d3ab786013793","claim":"CUMULUS MEDIA INC received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2)).","evidence_excerpt":"December 16, 2024, Cumulus Media Inc. (the “Company”) received a notification from the Listing Qualifications Department of The NASDAQ Stock Market LLC (“NASDAQ”) indicating that the Company is not in compliance with NASDAQ Listing Rule 5550(a)(2) (the “Rule”) because the bid price of the Company’s Class A common stock on The Nasdaq Global Market has closed below $1.00 per share for 30 consecutive business days. The NASDAQ letter has no immediate effect on the NASDAQ listing or trading of the Company’s Class A common stock. In accordance with NASDAQ Listing Rule 5810(c)(3)(A), the Company has","evidence_source":"SEC 8-K Item 3.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1058623/000105862324000109/0001058623-24-000109-index.htm","confidence":0.9,"family_label":"Listing & Compliance Notices","details":[{"label":"Exchange","value":"nasdaq"},{"label":"Notice","value":"deficiency notice"},{"label":"Deficiency","value":"minimum bid price"},{"label":"Rules","value":"5550(a)(2)"}],"fact_type":"exchange_compliance_notice"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}