Urban One, Inc. Receives NASDAQ Notification Of Non-Compliance With Listing Rule 5250(c)(1)
Portfolio Pulse from Benzinga Newsdesk
Urban One, Inc. (NASDAQ:UONEK, UONE) has received a third notification from NASDAQ for non-compliance with Listing Rule 5250(c)(1) due to not having timely filed its Q1 and Q2 2023 Form 10-Q. The company has until September 27, 2023, to regain compliance or face potential delisting. The company plans to file both the Q1 and Q2 2023 Form 10-Q on or before the deadline.
August 22, 2023 | 8:17 pm
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NEGATIVE IMPACT
Urban One, Inc.'s common stock (UONE) may face short-term volatility due to the potential NASDAQ delisting threat.
The news of potential delisting from NASDAQ due to non-compliance with filing requirements can create uncertainty among investors, leading to potential short-term volatility in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Urban One, Inc.'s Class D common stock (UONEK) may face short-term volatility due to the potential NASDAQ delisting threat.
The news of potential delisting from NASDAQ due to non-compliance with filing requirements can create uncertainty among investors, leading to potential short-term volatility in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100