Radio One Regains NASDAQ Compliance
January 28, 2013 at 6:50 AM (PT)
RADIO ONE is now back in the good graces on the NASDAQ Stock Market. The company filed a Form 8-K with the SEC confirming the news.
Wrote RADIO ONE, "On JANUARY 24, 2013, RADIO ONE, INC. (the 'Company') reported that it had received a letter from The NASDAQ Stock Market advising it that the Company's Class D shares traded under the symbol ROIAK, had regained compliance with NASDAQ's minimum bid price listing requirements and were in good standing on The NASDAQ National Market. The letter received from NASDAQ on JANUARY 24th, 2013 stated that because the Class D shares closed above the $1.00 minimum bid price for the 10 consecutive trading days ended JANUARY 23rd, 2013, the Company had regained compliance and the matter was now closed."