Urban One Sets 10-For-1 Reverse Stock Split

Urban One said its board has approved a 10-for-1 reverse stock split covering all classes of its common stock, including the publicly traded Class A and Class D shares. Stockholders had previously authorized the move on June 18, 2025, granting the board discretion on the final ratio.

The company said the action is intended to regain compliance with Nasdaq’s $1.00 minimum bid price requirement for continued listing of its Class D common stock on the Nasdaq Capital Market.

The reverse split is expected to take effect at 11:59 p.m. on January 22, with Class A and Class D shares beginning to trade on a split-adjusted basis on January 23. Class A shares will continue to trade under the symbol UONE with a new CUSIP number of 91705J 303, while Class D shares will continue to trade under the symbol UONEK with a new CUSIP number of 91705J 402.

Under the terms of the split, every 10 shares of issued and outstanding Class A or Class D common stock will be automatically converted into one share of the same class. No fractional shares will be issued; stockholders otherwise entitled to a fractional share will receive cash in lieu, based on the closing price of the applicable class on the effective date.

Urban One said the reverse stock split will be implemented simultaneously and at the same ratio for all classes of its common stock and will not change stockholders’ proportional ownership or voting power, except for minor adjustments related to fractional share treatment. The company added that the action will not affect its underlying business operations or total stockholders’ equity.