MediaCo Holding Inc. has received a deficiency letter from the Nasdaq Listing Qualifications Department as the company’s stock has been below the $1 per share required for continued listing for over the 30 day threshold.
MediaCo, which owns Regional Mexican formatted stations in Dallas, Houston, Inland Empire and Los Angeles and and “Hot 97” WQHT and 107.5 WBLS in New York, along with the EstrellaTV television network has until June 17, 2026 to regain compliance by closing at over $1 per share or more for a minimum of ten consecutive business days. It may also receive a second 180 day extension should it continue to meet all other listing requirements unless Nasdaq determines it will be unable to cure the deficiency.
MediaCo states in an SEC filing that it will monitor the closing bid price of its common stock and may consider available options to regain compliance with the Minimum Bid Price Requirement, including initiating a reverse stock split.
Edward Ford 
Well here we go again with another radio group looking at the potential of executing a reverse stock split. That strategy really helped Cumulus, Audacy and Beasley.