Urban One, Inc. Hit with Further Nasdaq Non-Compliance Notice

SILVER SPRING, Md., May 24, 2024 – Urban One, Inc., a leading urban-oriented multimedia company in the United States, disclosed receipt of a secondary notification concerning its compliance status with Nasdaq listing requirements. This announcement follows an earlier notification sent to the company by Nasdaq's Listing Qualifications Department.

Second Notice of Delinquency

Urban One, Inc., denoted by the stock ticker UONE, has been grappling with regulatory constraints following a 'Second Nasdaq Notice' dated May 23, 2024. This notice signifies a continued deviation from Nasdaq's listing rules, marking an escalation in the company's need to address its standing on the stock exchange.

Implications for UONE Stakeholders

The persistent non-compliance raises concerns among shareholders and potential investors of UONE, given its potential impact on the company's market reputation and liquidity. Urban One, Inc. is actively addressing the compliance issues in a bid to retain its position on Nasdaq and assure stakeholders of its commitment to regulatory adherence.

Future Outlook for Urban One, Inc.

The company headquartered in Silver Spring, Maryland, continues to leverage its multimedia platforms to serve urban audiences. Despite the challenges faced with Nasdaq's notices, Urban One, Inc. remains resolute in navigating through these regulatory waters and reaffirming its dedication to its investors and strategic goals.

UrbanOne, Nasdaq, NonCompliance