Audacy Warned By Stock Exchange It Could Face Delisting.
Posted by WYTZZ95FM on August 10, 2022, 8:20 am
As I have been saying on here for a long time..... grim reaper is approaching. But they have really nice corporate digs! Drunken sailors sinking the fleet.
Z
The last time Audacy’s stock price closed above one dollar was July 5 with its share price down 73% year-to-date. That has triggered a warning from the New York Stock Exchange that radio’s second-biggest company is not in compliance with NYSE rules. The Exchange requires companies to have a minimum average closing price of $1.00 per share over 30 consecutive trading days. Audacy has not had that and so it has received notification that it could face delisting if the price is not brought back up.