secwatch.observer — SEC 8-K summary
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Issuer:     AUDACY, INC. (—)
CIK:        0001067837
Form:       8-K
Filed at:   2023-06-06T23:59:59+00:00
Accession:  0001193125-23-161604
Event type: other_material
Sentiment:  negative
Materiality: 0.80
Item codes: 3.01, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Audacy appeals NYSE delisting; authorizes 1-for-30 reverse stock split
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- NYSE commenced delisting proceedings on May 16, 2023 due to abnormally low stock price; trading suspended.
- Company appealed on May 31, 2023; delisting stayed pending NYSE Committee review; stock trades OTC under AUDA.
- Shareholders approved reverse stock split on May 24; board committee authorized 1-for-30 ratio on June 5.
- Reverse split effective June 30, 2023; every 30 shares of Class A and B common stock become one share.
- No assurance that NYSE Committee will grant review or that trading will resume on NYSE.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1067837/000119312523161604/0001193125-23-161604-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1067837/000119312523161604/d480150d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-161604

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