Lanham-based Radio One, attempting to restructure its debt, has been notified by the Nasdaq Stock Market that its Class-D shares no longer meet listing requirements.
Radio One’s Class-D shares have traded below the $1 per share minimum requirement for more than 30 days. The company has until March 21 to regain compliance. Its Class-D shares would have to trade above $1 per share for 10 consecutive days.
Read more: Radio One faces Nasdaq delisting – Washington Business Journal