Urban One Faces Delisting Concerns

TL;DR

URBAN ONE might get delisted from Nasdaq. Big trouble.

AI Summary

Urban One, Inc. filed an 8-K on February 12, 2025, reporting a notice of delisting or failure to satisfy a continued listing rule or standard. The filing indicates potential issues with meeting Nasdaq's continued listing requirements as of February 11, 2025.

Why It Matters

This filing signals potential financial distress or non-compliance with exchange rules, which could lead to the company's stock being removed from Nasdaq, impacting investor confidence and liquidity.

Risk Assessment

Risk Level: high — A notice of delisting directly threatens the company's ability to trade on a major exchange, posing a significant risk to its market presence and shareholder value.

Key Players & Entities

• URBAN ONE, INC. (company) — Registrant
• Nasdaq (company) — Stock Exchange
• February 11, 2025 (date) — Date of earliest event reported
• February 12, 2025 (date) — Date of Report

FAQ

Key Financial Figures

• $0.001 — mpany's Class D common stock, par value $0.001 per share (the "Class D Common Stock")
• $1.00 — s D Common Stock") had closed below the $1.00 per share minimum bid price requirement

Filing Documents

• uone-20250211.htm (8-K) — 28KB
• uone-20250211_g1.jpg (GRAPHIC) — 7KB
• 0001041657-25-000007.txt ( ) — 209KB
• uone-20250211.xsd (EX-101.SCH) — 3KB
• uone-20250211_def.xml (EX-101.DEF) — 16KB
• uone-20250211_lab.xml (EX-101.LAB) — 28KB
• uone-20250211_pre.xml (EX-101.PRE) — 16KB
• uone-20250211_htm.xml (XML) — 4KB

01 NOTICE OF DELISTING OR FAILURE TO SATISFY A CONTINUED LISTING RULE OR STANDARD; TRANSFER OF LISTING

ITEM 3.01 NOTICE OF DELISTING OR FAILURE TO SATISFY A CONTINUED LISTING RULE OR STANDARD; TRANSFER OF LISTING. On February 11, 2025, Urban One Inc. (the "Company") received written notice (the "Notice") from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that, for the last 30 consecutive business days, the bid price for the Company's Class D common stock, par value $0.001 per share (the "Class D Common Stock") had closed below the $1.00 per share minimum bid price requirement for continued inclusion on the Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(a)(2) (the "Minimum Bid Price Requirement"). The Notice has no immediate effect on the listing of the Class D Common Stock, which continues to trade on the Nasdaq Capital Market under the symbol "UONEK". The Notice also has no impact on the Company's Class A Common Stock which trades under the symbol "UONE." In accordance with Nasdaq Listing Rule 5810(c) (3) (A), the Company has a period of 180 calendar days, or until August 11, 2025, to regain compliance with the Minimum Bid Price Requirement. To regain compliance, the closing bid price of the Company's Class D Common Stock must be at least $1.00 per share for a minimum of ten (10) consecutive business days as required under Nasdaq Listing Rule 5810(c) (3) (A) (unless the Nasdaq staff exercises its discretion to extend this ten-day period pursuant to Nasdaq Listing Rule 5810(c) (3) (H)) during the 180-day period prior to August 11, 2025. In the event the Company does not regain compliance prior to August 11, 2025, the Company may be eligible for additional time. To qualify, the Company will be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for The Nasdaq Capital Market, with the exception of the bid price requirement, and will need to provide written notice of its intention to cure the deficiency during the seco

Forward Looking Statements

Forward Looking Statements The Company cautions you certain of the statements in this Form 8-K or in its press release may represent "forward-looking statements" as defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. These statements are based on assumptions believed by the Company to be reasonable and speak only as of the date on which such statements are made. Without limiting the generality of the foregoing, words such as "expect," "believe," "anticipate," "intend," "plan," "project," "will" or "estimate," or the negative or other variations thereof or comparable terminology are intended to identify forward-looking statements. Except as required by law, the Company undertakes no obligation to update such statements to reflect events or circumstances arising after such date and cautions investors not to place undue reliance on any such forward-looking statements. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those described in the statements based on a number of factors, including but not limited to the following: any health epidemics or pandemic on; the cost and availability of capital or credit facility borrowings; the ability to obtain equity financing; general market conditions; the adequacy of cash flows or available debt resources to fund operations; and other risk factors described from time to time in the Company's Forms 10-K, Forms 10-K/A, Forms 10-Q, Forms 10-Q/A and Form 8-K reports (including all amendments to those reports). SIGNATURE 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 thereunto duly authorized. URBAN ONE, INC. /s/ Peter D. Thompson February 12, 2025 Peter D. Thompson Chief Financial Officer and Principal Accounting Officer

View Full Filing

View this 8-K filing on SEC EDGAR