Industry News

Urban One Receives Non-Compliance Notice from Nasdaq

Urban One has received a notice of non-compliance from Nasdaq Stock Market LLC due to its failure to timely file its Quarterly Report for the period ended March 31, 2023 and the period ended June 30, 2023 with theim Securities and Exchange Commission. Urban One has disclosed that it has been unable to file the reports in a timely manner due to the change of its independent registered public accounting firm. The company was granted 180 days to come into compliance by Nasdaq or face delisting and Urban One says it anticipates it will be able to file the reports in question before the deadline of September 27, 2023.

Industry News

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 Oneim 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.