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.
