secwatch.observer — SEC 8-K summary
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Issuer:     CUMULUS MEDIA INC (CMLS)
CIK:        0001058623
Form:       8-K
Filed at:   2024-12-20T23:59:59+00:00
Accession:  0001058623-24-000109
Event type: regulatory
Sentiment:  negative
Materiality: 0.70
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Cumulus Media receives NASDAQ delisting notice for bid price below $1.00
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1058623/000105862324000109/0001058623-24-000109-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1058623/000105862324000109/cmls-20241216.htm
  HTML page:      https://secwatch.observer/filing/0001058623-24-000109

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