AUDACY, INC.: Nasdaq/NYSE listing notice — NYSE commences delisting proceedings for Audacy due to low stock price; trading suspended

AUDACY, INC.

NYSE commenced delisting proceedings for Audacy (AUD) on May 16, 2023, citing abnormally low selling price under Section 802.01D.
Trading of Audacy's Class A common stock on NYSE is suspended; shares can trade over the counter while delisting process proceeds.
Audacy intends to appeal the NYSE's determination by filing a written request within ten business days.
If appeal successful, stock may resume trading on NYSE.

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

AUDACY, INC. received a nyse delisting notice notice regarding other (rules 802.01D).

Exchange: nyse
Notice: delisting notice
Rules: 802.01D

Exact text from the filing

May 16, 2023, the New York Stock Exchange (the “ NYSE ”) publicly announced and notified Audacy, Inc. (the “ Company ”) that the NYSE elected to commence proceedings to delist the Company’s Class A Common Stock (the “ common stock ”) from the NYSE pursuant to Section 802.01D of the NYSE Listed Company Manual (“ Section 802.01D ”). Under Section 802.01D, the NYSE will consider commencing delisting procedures when a company’s listed securities experience an abnormally low selling price. The NYSE will apply to the Securities and Exchange Commission (the “ SEC ”) to delist the common stock pending

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Source: SEC EDGAR

accession 0001193125-23-146495

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