Cumulus Appeals NASDAQ Delisting

Stop That Clock

CUMULUS MEDIA INC. has filed an appeal of the FRIDAY, SEPTEMBER 1st notice of delisting it received from NASDAQ.

CUMULUS has fallen short of complying with NASDAQ's minimum stockholders’ equity requirement; the appeal averted delisting scheduled for TODAY (9/11), and the company's Class A common stock will continue to trade on the NASDAQ Capital Market while the appeal is pending. The stock may still ultimately be delisted, but the appeal temporarily stops the clock while the company tries to regain compliance.

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