CUMULUS MEDIA INC (CMLS): Nasdaq/NYSE listing notice — 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

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.95

CUMULUS MEDIA INC received a nasdaq deficiency notice notice regarding stockholders equity (rules 5450(b)(1)(A)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: stockholders equity
Rules: 5450(b)(1)(A)

Exact text from the filing

March 6, 2025, Cumulus Media Inc. (the “Company”) received a notification from the Listing Qualifications Department of The NASDAQ Stock Market LLC (“NASDAQ”) indicating that, based on the Company’s stockholders’ equity of $6,951,000 as of December 31, 2024, as reported in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024, the Company is not in compliance with the minimum stockholders’ equity requirement for continued listing on the NASDAQ Global Market under NASDAQ Listing Rule 5450(b)(1)(A), which requires companies to maintain stockholders’ equity of at least $10

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CUMULUS MEDIA INC filing history →

Source: SEC EDGAR

accession 0001058623-25-000034

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