Beasley Gets Delisting Warning from Nasdaq
On Monday (4/13), Beasley Broadcast Group received written notice from Nasdaq advising the company that it is not in compliance with the minimum stockholders’ equity requirement for continued listing on The Nasdaq Capital Market. The rule requires companies listed on Nasdaq maintain a minimum of $2,500,000 in stockholders’ equity for continued listing. At the end of 2025, Beasley reported a stockholders’ deficit of
$49,330,431 – below the stockholders’ equity requirement for continued listing. Beasley now has until May 28, 2026, unless otherwise directed by Nasdaq staff, to submit a plan to Nasdaq outlining how the company intends to regain compliance with Nasdaq’s continued listing standards. If Nasdaq accepts the plan, it may grant Beasley until October 10 to come into compliance. Beasley says it plans to timely submit its compliance plan to Nasdaq but notes that there’s no assurance Nasdaq will accept the or that if it does, Beasley will be able to regain compliance within the period provided.
requires companies to maintain stockholders’ equity of at least $10 million or meet the alternative compliance standards relating to the market value of the listed securities or the company’s total assets and revenue. Now, Cumulus has until April 21 to provide NASDAQ with a plan to achieve and sustain compliance. If NASDAQ accepts the plan, NASDAQ may grant an extension of up to 180 calendar days to evidence compliance. Cumulus says it is continuing to evaluate potential options to resolve the deficiency and regain compliance, including the possibility of applying to transfer to the NASDAQ Capital Market.