Urban One (UONE) Executes 10-for-1 Reverse Stock Split for Nasdaq Compliance

Urban One Implements Reverse Stock Split to Maintain Nasdaq Compliance

Urban One, Inc. announces a significant corporate action aimed at maintaining its compliance with Nasdaq listing requirements. The Board of Directors approves a reverse stock split of its common stock at a ratio of 10-for-1, set to take effect at 11:59 p.m. on January 22, 2026. This decision comes after stockholder approval granted on June 18, 2025, highlighting the company’s proactive approach to addressing its stock price challenges. The reverse split aims to meet the Nasdaq Capital Market's minimum bid price requirement of $1.00, particularly crucial for its Class D Common Stock.

The mechanics of the reverse stock split are straightforward. Following the split, every ten shares of Class A Common Stock will convert into one share, with the same ratio applied to Class D shares. The company will continue to list Class A shares under the symbol "UONE" and Class D shares under "UONEK," although new CUSIP numbers will be assigned. The company assures shareholders that no fractional shares will be issued; instead, stockholders entitled to fractional shares will receive cash equivalent to the closing price on the effective date. This strategic move aims to stabilize Urban One's stock price while ensuring that shareholders’ proportional interests and voting power largely remain intact, aside from minor adjustments due to fractional shares.

Urban One emphasizes that this reverse stock split will not impact its business operations or total stockholders’ equity. The company remains focused on its core operations and growth strategies while navigating the complexities of stock market regulations. By aligning its stock price with Nasdaq requirements, Urban One aims to enhance its market presence and investor confidence, reinforcing its commitment to long-term stability and shareholder value.

In addition to the reverse stock split, Urban One continues to explore avenues for growth within the media and entertainment landscape. The company remains dedicated to its mission of providing diverse content that resonates with its audience, particularly in urban communities. As Urban One navigates these financial adjustments, it remains committed to delivering value to its stakeholders and enhancing its operational capabilities in a competitive market.