NASDAQ OKs Radio One Stock Move
August 27, 2008 at 5:13 AM (PT)
RADIO ONE, INC. has announced that it has received approval from the NASDAQ STOCK MARKET to transfer the listing of its Class A Shares from The NASDAQ Global Market to The NASDAQ Capital Market.
The transfer will be effective at the opening of business TODAY (8/27), and the Company's Class A Shares will continue to quote and trade under the symbol "ROIA."
The NASDAQ Capital Market is a continuous trading market that operates in substantially the same manner as The NASDAQ Global Market. All companies, whose securities are listed on The NASDAQ Capital Market, must meet certain financial requirements and adhere to NASDAQ's corporate governance standards.
The listing transfer does not affect the Class D Shares, which represent over 96% of the Company's outstanding public float and continues to trade on The NASDAQ Global Market.