Urban One receives second Nasdaq delisting notice for late 10-K and 10-Q filings

URBAN ONE, INC.

Nasdaq notified Urban One on May 19, 2023 of non-compliance for failing to file 2022 10-K and Q1 2023 10-Q.
This is the second such notice; first was April 3, 2023 for missing the 2022 10-K only.
Company has until June 2, 2023 to submit a plan to regain compliance; if accepted, Nasdaq may grant until Sep 27, 2023.
Non-compliance has no immediate effect on listing but could lead to delisting if not resolved.
Urban One intends to submit its plan to regain compliance by the June 2 deadline.

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