regulatory
confidence high
sentiment negative
materiality 0.80
Cumulus Media (CMLS) to be delisted from Nasdaq; will begin trading on OTCQB effective May 2, 2025
CUMULUS MEDIA INC
- Nasdaq determined to delist CMLS due to noncompliance with Listing Rules 5450(a)(2) and 5450(b)(1)(A).
- Company will not appeal; trading suspension on Nasdaq effective at open on May 2, 2025.
- CMLS has qualified for OTCQB quotation and expects trading under symbol CMLS to begin May 2, 2025.
- Transition to OTCQB will not affect business operations; company will continue SEC filings.