Urban One Gets Second Notice of Non-Compliance from NASDAQ
Urban One has received a second notice from the NASDAQ Listing Qualifications Department that it was not in compliance as a result of not having timely filed both its Annual Report on Form 10-K for the period ended December 31, 2022 and Quarterly Report on Form 10-Q for the period ended March 31, 2023. Urban One received its first notice of non-compliance on April 3. In accordance with the second NASDAQ notice, Urban One has until June 2 to submit a plan to file both delinquent reports or to submit a plan to regain compliance. If NASDAQ accepts the company’s plan, Urban One may get up to 180 days (September 27) to file the reports. If it doesn’t, the company can appeal the decision. Urban One says it intends to submit its plan to regain compliance on or before June 2.