Urban One Amends Loan Terms, Regains Nasdaq Compliance.

Urban One said earlier this week that it has updated the terms of a key lending agreement and resolved a share price compliance issue with Nasdaq that will allow the stock to be relisted on the exchange.

The restructured credit agreement with Bank of America and other lenders calls for Urban One’s loan to mature on the earliest of three possible dates: Dec. 18, 2030; 91 days before any significant new debt becomes due, other than its current notes; or the date when a specific condition tied to its notes is no longer met.

The Black-focused broadcaster, which is based in Silver Spring, MD, says it has received confirmation from Nasdaq that it has regained compliance with the stock exchange’s $1 minimum bid price requirement.

Nasdaq said the company met the requirement after its Class D common stock closed at or above $1 for ten straight business days, from Jan. 23 through Feb. 6, 2026. Nasdaq stopped delisting proceedings as a result.

The move removes an immediate risk to the company’s stock market listing and provides reassurance to shareholders.

In January, Urban One’s Board of Directors has approved a 10-for-1 reverse stock split covering all classes of the company’s common stock. Stockholders approved the move in June 2025, giving the board authority to set the final split ratio.

The company at the time cited its efforts to regain compliance with Nasdaq’s $1 minimum bid price requirement as the reason for the reverse stock split.