MediaCo Holding Inc. has received a deficiency letter from the Nasdaq Listing Qualifications Department, notifying the company that its common stock has closed below the $1.00 minimum bid price requirement for 30 consecutive business days, as mandated by Nasdaq Listing Rule 5550(a)(2). The company has until June 17, 2026, to regain compliance, which requires the stock to close at or above $1.00 per share for at least 10 consecutive business days. If compliance is not achieved within this period, MediaCo may be eligible for a second 180-day extension, subject to meeting other listing requirements. Failure to regain compliance could result in the delisting of the company’s common stock from the Nasdaq Capital Market. MediaCo is considering options to address the deficiency, including a potential reverse stock split. No immediate changes to the stock’s listing or trading status have occurred as a result of this notice.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Mediaco Holding Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001784254-25-000044), on December 22, 2025, and is solely responsible for the information contained therein.