NASDAQ Threatens Radio One With Delisting
July 19, 2012 at 6:42 AM (PT)
RADIO ONE is facing a NASDAQ delisting for their Class D stock, after it fell below $1 per share. BIZJOURNALS.COM reports, "the company’s Class D stock has closed below $1 for 30 consecutive business days, making it non-compliant for continued listing requirements. RADIO ONE has 180 days to regain compliance."
The threatened delisting would not affect RADIO ONE's Class A stock, which has has also been trading below $1 per share recently.
Follow RADIO ONE's stock price here.
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