Cumulus Media warned by NASDAQ for equity shortfall; must submit compliance plan

CUMULUS MEDIA INC

Stockholders' equity of $6.951M as of Dec 31, 2024, below NASDAQ's $10M minimum for Global Market.
Received NASDAQ notice March 6, 2025; must submit compliance plan by April 21, 2025.
If plan accepted, NASDAQ may grant up to 180-day extension to regain compliance.
Company also considering transfer to NASDAQ Capital Market as alternative.
Failure could lead to delisting, subject to appeal process.

item 3.01

Machine-readable event card

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ticker: CMLS
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company_name: CUMULUS MEDIA INC
filed_at: 2025-03-07T23:59:59+00:00
discovered_at: 2026-05-14T18:03:02.832438+00:00
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sentiment: negative
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Source: SEC EDGAR

accession 0001058623-25-000034

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