Mediaco Holding Inc. Faces Nasdaq Delisting

TL;DR

MDU is at risk of being delisted from Nasdaq due to not meeting listing rules.

AI Summary

Mediaco Holding Inc. filed an 8-K on August 20, 2024, to report its failure to meet Nasdaq's continued listing requirements. The company is currently listed on the Nasdaq Capital Market under the ticker symbol "MDU". This filing indicates potential delisting from the exchange.

Why It Matters

Failure to meet listing requirements could lead to Mediaco Holding Inc. being delisted from the Nasdaq, impacting its stock liquidity and investor confidence.

Risk Assessment

Risk Level: high — The company has officially reported its failure to satisfy Nasdaq's continued listing rules, which directly threatens its stock exchange listing.

Key Players & Entities

• Mediaco Holding Inc. (company) — Registrant
• Nasdaq (company) — Stock Exchange
• MDU (company) — Ticker Symbol
• August 20, 2024 (date) — Date of Earliest Event Reported

FAQ

Key Financial Figures

• $0.01 — stered Class A Common Stock, par value $0.01 per share MDIA Nasdaq Capital Marke

Filing Documents

• a8k.htm (8-K) — 32KB
• exhibit99-1.htm (EX-99.1) — 9KB
• 0000929638-24-002849.txt ( ) — 183KB
• mdia-20240820.xsd (EX-101.SCH) — 4KB
• mdia-20240820_lab.xml (EX-101.LAB) — 22KB
• mdia-20240820_pre.xml (EX-101.PRE) — 16KB
• a8k_htm.xml (XML) — 4KB

01

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. On August 20, 2024, MediaCo Holding Inc. (the "Company") received a notification letter from the Nasdaq Listing Qualifications Department (the "Staff") of The Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that that the Company was not in compliance with Nasdaq Listing Rule 5250(c)(1) (the "Listing Rule") as a result of its failure to timely file its Quarterly Report on Form 10-Q for the quarter ended June 30, 2024 (the "Q2 2024 Form 10-Q"), as described more fully in the Company's Form 12b-25 Notification of Late Filing (the "Form 12b-25") filed with the Securities and Exchange Commission (the "SEC") on August 14, 2024. The Listing Rule requires Nasdaq-listed companies to timely file all required periodic reports with the SEC. The Notice indicates that the Company has until October 21, 2024 to submit a plan to regain compliance with the Listing Rule with respect to the delinquent filing, and indicates that any additional Nasdaq Staff exception to allow the Company to regain compliance with the delinquent filing will be limited to a maximum of 180 calendar days from the due date of the Q2 2024 Form 10-Q (as extended pursuant to Rule 12b-25 under the Securities Exchange Act of 1934, as amended), or February 17, 2025. The Company intends to submit a compliance plan to Nasdaq and take the necessary steps to regain compliance with the Listing Rule as soon as practicable. The filing of the Q2 2024 Form 10-Q was delayed due to the matters described in the Form 12b-25. While the Company can provide no assurances as to timing, the Company will continue to work diligently to complete and file the delayed report as soon as practicable. The Notice has no immediate effect on the listing of MediaCo's Class A common stock, which will continue to trade on The Nasdaq Capital Market under the symbol "MDIA" at this time.

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. On August __, 2024, the Company issued a press release disclosing the receipt of the Notice. A copy of the press release is being furnished herewith as Exhibit 99.1. The information in Item 7.01 of this Current Report on Form 8-K and Exhibit 99.1 attached hereto, shall not be deemed to be "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall such information be deemed to be incorporated by reference in any filing of the Company, whether made before or after the date hereof, regardless of any general incorporation language in such filing.

Forward-Looking Statements

Forward-Looking Statements This Current Report on Form 8-K contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended, and it is intended that all forward-looking statements will be subject to the safe harbor protections created thereby. All submission of a plan to regain compliance with respect to the Listing Rule and the timing and outcome thereof, contained in this Current Report on Form 8-K or any documents referred to herein are forward-looking statements. Words such as "believe," "may," "will," "expect," "should," "could," "would," "anticipate," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "project," "target," "is/are likely to," "forecast," "future," "guidance," "possible," "predict," "seek," "see," or the negative of these terms or other similar expressions are intended to identify forward-looking statements, though not all forward-looking statements use these words or expressions. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to, the following the potential impact of consummation of the transaction on relationships with third parties, including clients, employees and competitors; risks that the new businesses will not be integrated successfully or that the combined company will not realize estimated cost savings; risks associated with the exercise of the option

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit Description 99.1 Press Release dated August 20, 2024. 104 Cover Page Interactive Data File (formatted as Inline XBRL).

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. MEDIACO HOLDING INC. Date: August 20, 2024 By: /s/ Ann C. Beemish Ann C. Beemish Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR