Urban One, Inc. Receives NASDAQ Notification of Non-Compliance with Listing Rule 5250(c)(1)

Provided By PR Newswire

Last update: May 24, 2023

SILVER SPRING, Md., May 24, 2023 /PRNewswire/ -- Today, Urban One, Inc. (NASDAQ: UONEK; UONE) (the "Company"), reported that it received a letter from the Listing Qualifications Department of the Nasdaq Stock Market LLC ("Nasdaq") on May 19, 2023 (the "Second Nasdaq Letter") notifying the Company that it was not in compliance with requirements of Nasdaq Listing Rule 5250(c)(1) (the "Rule") as a result of not having timely filed (i) its Annual Report on Form 10-K for the period ended December 31, 2022 (the "2022 Form 10-K") and (ii) its Quarterly Report on Form 10-Q for the period ended March 31, 2023 (the "Q1 2023 Form 10-Q" and, together with the 2022 Form 10-K, the "Delinquent Reports"), with the Securities and Exchange Commission ("SEC").