BEASLEY BROADCAST GROUP INC (BBGI): Nasdaq/NYSE listing notice — Beasley Broadcast receives Nasdaq deficiency notice for bid price below $1; 180-day cure

BEASLEY BROADCAST GROUP INC

Received Nasdaq notice on April 27, 2023: BBGI bid price closed below $1.00 for 30 consecutive business days.
Has 180 calendar days (until October 24, 2023) to regain compliance by closing at $1.00 for at least 10 consecutive business days.
If not compliant by Oct 24, may transfer listing to Nasdaq Capital Market for additional 180-day compliance period.
Company considering options including reverse stock split; no assurance of regaining compliance.

Key facts

Extracted from this filing and checked against the source text.

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

BEASLEY BROADCAST GROUP INC received a nasdaq deficiency notice notice regarding minimum bid price (rules 5450(a)(1), 5810(c)(3)(A)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5450(a)(1), 5810(c)(3)(A)

Exact text from the filing

April 27, 2023, Beasley Broadcast Group, Inc. (the “Company”) received written notice (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that, for the last 30 consecutive business days, the bid price for the Company’s Class A common stock, par value $0.001 per share (the “Common Stock”) had closed below the $1.00 per share minimum bid price requirement for continued inclusion on the Nasdaq Global Market pursuant to Nasdaq Listing Rule 5450(a)(1) (the “Minimum Bid Price Requirement”). The Notice has no immediate effect on th

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Source: SEC EDGAR

accession 0001193125-23-127364

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