Urban One received a second non-compliance notice from the Listing Qualifications Department of The Nasdaq Stock Market LLC on May 23, for not having timely filed its Quarterly Report on Form 10-Q with the Securities and Exchange Commission for the period ended March 31, 2024. Urban One previously
received a notice from Nasdaq for not filing its Annual Report on Form 10-K for the fiscal year ended December 31, 2023, in a timely manner. Urban One has until June 7, 2024, to file or submit a plan to regain compliance. If Nasdaq accepts the compliance plan, Nasdaq may grant the company an extension of up to 180 calendar days from the due date for the initial delinquent filing, or until September 30, 2024, to regain compliance. Urban One states that it is working diligently and expects to file its Delayed Filings on or before June 7, 2024, which would eliminate the need for the company to submit a formal plan to regain compliance.
