secwatch.observer — SEC 8-K summary
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Issuer:     BEASLEY BROADCAST GROUP INC (BBGI)
CIK:        0001099160
Form:       8-K
Filed at:   2024-09-19T23:59:59+00:00
Accession:  0001193125-24-221756
Event type: other_material
Sentiment:  negative
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1099160/000119312524221756/0001193125-24-221756-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1099160/000119312524221756/d879704d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-221756

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