The Board of Directors for the nation’s most prominent African American-owned media company superserving Black consumers has moved forward with a reverse stock split of all its classes of its common stock — including its publicly traded Class A and Class D common stock.
What does this mean for Urban One shareholders?
They’ll be getting 1 share for every 10 shares they presently hold, and the reverse stock split comes months after stockholders approved a plan to engage in the action, minus the actual ratio; that took place on June 18, 2025.
Now, the board has determined the final reverse stock split ratio.
The reverse stock split is being conducted to regain compliance with the $1.00 minimum bid price requirement for continued listing on the Nasdaq Capital Market, with respect to Urban One’s Class D Common Stock.
The reverse stock split is expected to become effective just before the stroke of midnight on Thursday, January 22. Thus, Urban One’s Class A and Class D Common Stock are expected to begin trading on a split-adjusted basis Friday, January 23.
Shares of the Class A Common Stock will continue to trade under the symbol “UONE” and the new CUSIP number will be 91705J 303.
Shares of the Class D Common Stock will continue to trade under the symbol “UONEK” and the new CUSIP number will be 91705J 402.
No fractional shares of Class A or Class D Common Stock will be issued in connection with the reverse stock split; holders will get cash in lieu of a reverse split of their fractional shares.
Immediately after the reverse stock split, each stockholder’s percentage of ownership interest in Urban One and proportional voting power will remain unchanged, except for minor changes that will result from the treatment of fractional shares.
Interestingly enough, “UONE” was trading at $1 per share as of 11:20am Eastern on January 16; “UONEK” was valued at $0.8665, down slightly. “UONEK” is the preferred share ticker, with some 14.8% of outstanding shares held by Zazove Associates PLLC.
For “UONE,” Zazove holds 7.6% equity interest, while Bank of America Corp. holds 4.3% equity interest in these shares.
Urban One’s assets are comprised of the Radio One over-the-air broadcast radio group; the Reach Media national radio sales and syndication arm; and cable television networks TV One and Cleo, in addition to digital media solutions.
