secwatch.observer — SEC 8-K summary
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Issuer:     URBAN ONE, INC. (UONE)
CIK:        0001041657
Form:       8-K
Filed at:   2023-08-03T23:59:59+00:00
Accession:  0001558370-23-013255
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Urban One waives ABL defaults, delays Q1/Q2 10-Qs to Sept 30, appoints EY as auditor
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- Entered third waiver and amendment to ABL facility waiving default from late Q1 and Q2 10-Qs, sets deadline Sept 30, 2023.
- Dismissed BDO as auditor (effective July 12, 2023) and appointed Ernst & Young for fiscal year ending Dec 31, 2023.
- Anticipates filing H1 2023 Quarterly Reports on or about Sept 30, 2023, cites auditor transition.
- Expects another Nasdaq non-compliance notice for late filings but believes current plan permits filing by Sept 27, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1041657/000155837023013255/0001558370-23-013255-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1041657/000155837023013255/uone-20230731x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-013255

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