DelistingApr 14, 2026, 04:26 PM
BBGI Receives Nasdaq Delisting Notice for $49.3M Equity Deficit
AI Summary
Beasley Broadcast Group, Inc. received a notice from Nasdaq indicating non-compliance with the minimum stockholders' equity requirement for continued listing. The company reported a stockholders' deficit of $49,330,431, significantly below the $2,500,000 minimum. This notice does not immediately affect the stock's listing, and the company plans to submit a compliance plan within 45 days to address the issue.
Key Highlights
- Received Nasdaq notice for non-compliance with $2.5M minimum stockholders' equity.
- Reported stockholders' deficit of $49,330,431 as of December 31, 2025.
- Has 45 days (until May 28, 2026) to submit a compliance plan.
- If plan accepted, may get up to 180 days (until October 10, 2026) to regain compliance.