---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-256168"
form_type: "8-K"
ticker: "BBGI"
cik: "0001099160"
company_name: "BEASLEY BROADCAST GROUP INC"
filed_at: "2023-10-13T23:59:59+00:00"
generated_at: "2026-06-09T23:49:50.344568+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Beasley Broadcast receives Nasdaq delisting notice for bid price below $1.00

## Summary
- Received Nasdaq notice on Oct 13, 2023 for failure to meet $1.00 minimum bid price for 30 consecutive business days.
- Has 180 calendar days (until April 10, 2024) to regain compliance by closing at $1.00+ for 10 consecutive business days.
- May transfer listing to Nasdaq Capital Market for an additional 180-day compliance period if needed.
- Considering options including a reverse stock split; no assurance of regaining compliance.

## SEC filing metadata
- accession: 0001193125-23-256168
- form_type: 8-K
- ticker: BBGI
- cik: 0001099160
- company_name: BEASLEY BROADCAST GROUP INC
- filed_at: 2023-10-13T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1099160/000119312523256168/0001193125-23-256168-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1099160/000119312523256168/d368488d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-256168
- JSON: https://secwatch.observer/filing/0001193125-23-256168.json
- Plain text: https://secwatch.observer/filing/0001193125-23-256168.txt

## Key facts
- Listing & Compliance Notices
  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)
  source text: October 13, 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1099160/000119312523256168/0001193125-23-256168-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.