Urban One Approves 1-for-10 Reverse Stock Split
Urban One announced that its Board of Directors has approved a reverse stock split of all classes of its common stock, including its publicly traded shares of Class A Common Stock and Class D Common Stock at a ratio of 10 for 1. Stockholders previously approved the reverse stock split on June 18, 2025, and provided the Board with discretion to determine 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 shares of the company's Class D Common Stock. The reverse stock split is expected to become effective at 11:59 p.m. on January 22. Shares of the company's Class A and Class D Common Stock are expected to begin trading on a split-adjusted basis on Nasdaq on 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.
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- Executive Appointment: TV One Networks has appointed Keith Hopkins as Vice President of Content Distribution & Marketing, leveraging his two decades of experience from Roku and Nexstar Media Group to oversee the company's distribution and partnership marketing strategy across all linear and digital platforms, aiming to maximize reach and revenue opportunities for TV One and CLEO TV.
- Strategic Leadership: At Roku, Hopkins led the sports and news distribution strategy, securing major licensing agreements and spearheading the launch of SVOD, AVOD, and FAST channels that expanded platform reach and accelerated audience growth, which is expected to drive new growth for TV One.
- Multi-Platform Expansion: During his tenure at Nexstar Media Group, Hopkins built and led distribution marketing and sales, managing key operator relationships and establishing the company's streaming footprint across virtual MVPDs, thereby enhancing its position in the competitive media landscape.
- Brand Influence: With a reach of 35 million households, TV One and CLEO TV serve as the hub of black culture and entertainment, and Hopkins' addition is set to deepen strategic partnerships and enhance brand impact across multiple platforms, particularly in content targeting young female audiences.

- Reverse Split Decision: Urban One's board has approved a 1-for-10 reverse stock split aimed at helping the company regain compliance with Nasdaq's $1.00 minimum bid price requirement for its Class D common stock, thereby enhancing market confidence.
- Implementation Timeline: The reverse split is expected to take effect at 11:59 p.m. on January 22, 2026, with split-adjusted trading commencing on January 23, ensuring shareholders are promptly informed of the new capital structure.
- Shareholder Rights Protection: Under the reverse split, every 10 shares of Class A and Class D common stock will convert into 1 share of the respective class, with no fractional shares issued, and shareholders will receive cash in lieu based on the closing price on the effective date, safeguarding shareholder interests.
- Market Reaction: Following the announcement, UONEK shares rose by 5.38% to close at $0.875, indicating a positive market response to the reverse split measure, which may help stabilize the company's stock price.
- Reverse Stock Split Decision: Urban One's Board has approved a 10-for-1 reverse stock split to comply with Nasdaq's $1 minimum bid price requirement for Class D common stock, ensuring the company's continued listing eligibility.
- Implementation Timeline: The reverse stock split is expected to take effect at 11:59 PM on January 22, 2026, with Class A and Class D common stocks beginning to trade on a split-adjusted basis on January 23, 2026, allowing shareholders to adapt to the new stock price promptly.
- Shareholder Rights Protection: This reverse stock split will uniformly affect all classes of common stock, maintaining shareholders' ownership percentages and voting power, except for minor changes due to fractional share treatment, ensuring no detriment to shareholder interests.
- Company Background: Urban One is the largest diversified media company targeting Black and urban consumers in the U.S., operating 74 broadcast stations and multiple digital platforms, and the reverse stock split is expected to enhance the company's image and attractiveness in the capital markets.
- Reverse Split Decision: Urban One's Board has approved a 10-for-1 reverse stock split to meet Nasdaq's minimum $1 bid price requirement for Class D common stock, ensuring the company's continued listing compliance.
- Effective Date: The reverse stock split is expected to take effect at 11:59 PM on January 22, 2026, with Class A and Class D common stocks beginning trading on a split-adjusted basis on January 23, 2026, maintaining liquidity and market stability.
- Shareholder Rights Protection: This reverse stock split will uniformly affect all classes of common stock, ensuring that shareholders' ownership percentages and voting power remain unchanged, except for minor adjustments due to fractional share treatment, thus safeguarding shareholder interests.
- Stable Business Operations: The reverse stock split will not impact the company's underlying business operations or total stockholders' equity, as Urban One continues to focus on delivering diverse media content to Black and urban consumers in the U.S., maintaining its market leadership position.
- Successful Bond Exchange: Urban One announced the successful completion of its 7.375% Senior Secured Notes exchange offer, receiving approximately $476 million in valid tenders, indicating strong investor interest in the newly issued 7.625% Second Lien Senior Secured Notes, thereby enhancing the company's capital structure.
- Oversubscription Impact: The $185 million tender offer was oversubscribed, necessitating proration, which reflects positive market sentiment towards Urban One's debt restructuring efforts and aids in improving the company's liquidity.
- New Notes Issuance Plan: The company plans to issue $60.6 million in aggregate principal amount of 10.500% First Lien Senior Secured Notes, which is expected to attract further investor interest, optimizing the capital structure and reducing financing costs.
- Amendment of Covenant Terms: Through a Transaction Support Agreement with Supporting Noteholders, Urban One will amend the existing notes' covenant terms to eliminate most restrictive covenants, enhancing operational flexibility and improving future financing capabilities.
- Successful Bond Exchange: Urban One announced the successful completion of its 7.375% Senior Secured Notes exchange offer, receiving approximately $476 million in valid tenders, indicating strong investor interest in the newly issued 7.625% Second Lien Notes, which enhances the company's capital structure.
- Oversubscription Impact: The $185 million tender offer was oversubscribed, necessitating proration, which reflects robust market demand for Urban One's debt and may enhance the company's future financing capabilities.
- New Notes Issuance Plan: The company plans to issue 10.500% First Lien Senior Secured Notes, expected to attract more investors, further optimizing its capital structure and reducing financing costs, thereby enhancing financial flexibility.
- Amendment of Covenant Terms: Through a Transaction Support Agreement with supporting noteholders, Urban One will amend the existing notes' covenant terms to eliminate most restrictive covenants, providing greater flexibility for future merger activities.




