Beasley Broadcast Group approves 1-for-20 reverse stock split to regain Nasdaq compliance

BEASLEY BROADCAST GROUP INC

Reverse stock split ratio set at 1-for-20; effective September 23, 2024.
Split-adjusted trading begins September 24 under symbol BBGI, new CUSIP 074014 200.
Purpose is to regain Nasdaq minimum $1.00 bid price requirement for continued listing.
No fractional shares issued; cash paid in lieu based on closing price on effective date.
Stockholders approved split on August 26, 2024; Board set final ratio on September 13.

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