For the second time in under three years, Beasley Media Group has received written notice from the Nasdaq Stock Market that it is not in compliance to remain listed.

Whereas in 2023 Beasley fell out of compliance for its share price falling under $1 per share for over 30 days which it resolved with a reverse stock split the following year, this time Beasley has failed to maintain a minimum of $2,500,000 in stockholders’ equity for continued listing. Nasdaq says that in its annual report, Beasley reported a stockholders’ deficit of $49,330,431. Beasley was given until May 28, 2026 to submit a plan on how it intends to regain compliance.

In an SEC filing, Beasley says that it is currently evaluating various courses of action to regain compliance and working to quantify the expected accounting impacts of the transactions. It stated, “The Company currently intends to submit the required compliance plan within the prescribed timeframe. If the Company’s compliance plan is accepted by Nasdaq, then Nasdaq may, in its discretion, grant the Company up to 180 calendar days from the date of the Notice, or until October 10, 2026, to evidence compliance.”