As of this publication, Salem Media Group's stock was trading at 39 cents per share.
Beasley Media Group will have until April 10th, 2024 to return its minimum price to $1 per share for 10 consecutive business days.
“It’s not an unfair ask. I wish they had asked for it a lot earlier.”
Salem's stock price must reach $1.00 per share for a minimum of ten consecutive business days before 12/20/23 to return to compliance.
Urban One clarified in a news release that the Nasdaq notification does not have an immediate impact on the listing of the company's common stock.