secwatch.observer — SEC 8-K summary
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Issuer:     SALEM MEDIA GROUP, INC. /DE/ (SALM)
CIK:        0001050606
Form:       8-K
Filed at:   2023-06-23T23:59:59+00:00
Accession:  0001193125-23-173888
Event type: regulatory
Sentiment:  negative
Materiality: 0.65
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Salem Media receives Nasdaq delisting notice for bid price below $1
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- Received Nasdaq letter on June 23, 2023 for failing $1 minimum bid price for 32 consecutive business days.
- Has 180-day compliance period ending December 20, 2023 to regain compliance.
- To regain compliance, stock must close at $1.00 or higher for at least 10 consecutive business days.
- Company may consider available options to address the bid price deficiency.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1050606/000119312523173888/0001193125-23-173888-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1050606/000119312523173888/d525757d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-173888

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