secwatch.observer — SEC 8-K summary
======================================

Issuer:     BEASLEY BROADCAST GROUP INC (BBGI)
CIK:        0001099160
Form:       8-K
Filed at:   2023-04-28T23:59:59+00:00
Accession:  0001193125-23-127364
Event type: regulatory
Sentiment:  negative
Materiality: 0.70
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Beasley Broadcast receives Nasdaq deficiency notice for bid price below $1; 180-day cure
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1099160/000119312523127364/0001193125-23-127364-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1099160/000119312523127364/d504542d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-127364

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer