Advertisement |
Cumulus Stock to Move From NASDAQ to OTCQX
RADIO ONLINE | Tuesday, November 21, 2017 |
Cumulus Media has received a notification from NASDAQ indicating that, as a result of the company's non-compliance with NASDAQ listing rules, shares of its Class A common stock will be delisted on November 22. This after the bid price closed below $1.00 per share for the last 180 business days without regaining compliance. However, Cumulus has been approved to trade on the OTC market under the same ticker -- CMLS -- beginning November 22.
In an 8K filing with the SEC, "The transition to the quotation of the company's Class A common stock on the OTCQX will have no effect on the company's business or operations. The company will continue to file periodic and other required reports with the SEC."
Advertisement |
Latest Radio Stories
Jacobs Media to Present the Techsurvey 2024 Results |
iHeartPodcasts Announces New Weekly Wellness Podcast |
iHM/San Francisco Names Hunt, Loughran as Program Director |
Advertisement |
Nueva Network and Zeno Media Teams for Digital Platform |
Triton Digital Issues March 2024 U.S. Podcast Ranker |
MediaCo Acquires Hispanic Broadcaster Estrella Media |