On May 23, with time ticking for the company founded as Radio One under Cathy Hughes, Urban One received a second letter from the Listing Qualifications Department of Nasdaq notifying the company that it was further non-compliant with a listing rule. It had nothing to do with failure to meet its $1 per share minimum trading requirement, but instead on its overdue 10-K and 10-Q SEC filings tied to its firing of independent outside account BDO in 2023.
Urban One said it would make the filings in a timely manner to avoid any Nasdaq issues. And, late Friday, that’s exactly what transpired for the owner of two cable TV networks, local radio stations and a national radio arm known as Reach Media.
