As first reported Monday morning by Streamline Publishing’s Radio Ink, Beasley Media Group on Thursday, April 18, shifted its trading from the Nasdaq Global Market to the Nasdaq Select Market.
For shareholders, the move was designed to be largely transparent. And, it gives the company led by CEO Caroline Beasley more time to meet Nasdaq’s $1 minimum valuation and regain rule compliance.
The shift to the secondary Nasdaq market, thus far, has been met with shareholder malaise.
