Colorado Media Newsroom
September 19th, 2024, 07:31 AM
From Radio Insight:
https://i0.wp.com/radioinsight.com/wp-content/uploads/2023/07/beasley.png?resize=200%2C200&ssl=1Beasley Media Group has finalized plans for its reverse stock split (https://radioinsight.com/headlines/278801/beasley-media-groups-board-authorizes-reverse-stock-split/).A 1-for-20 split will become effective on September 23, 2024 with shares of the company’s* Class A Common Stock expected to begin trading on a split-adjusted basis on Nasdaq on September 24. On the Effective Date, every 20 shares of Beasley’s Class A Common Stock issued and outstanding will be automatically converted into one share of Class A Common Stock, and every 20 shares of its Class B Common Stock issued and outstanding will be automatically converted into one share of Class B Common Stock. No fractional shares of stock will be issued in connection with the reverse stock split. Holders of Common Stock who would otherwise receive a fractional share of Common Stock pursuant to the reverse stock split will receive cash in lieu of the fractional share equal to the closing sales price of the Class A Common Stock on the Effective Date.The reverse stock split is being conducted to regain compliance with the $1.00 minimum bid price requirement for continued listing on the Nasdaq Capital Market (?Nasdaq?).
more (https://radioinsight.com/headlines/281813/beasley-sets-details-of-reverse-stock-split/)
https://i0.wp.com/radioinsight.com/wp-content/uploads/2023/07/beasley.png?resize=200%2C200&ssl=1Beasley Media Group has finalized plans for its reverse stock split (https://radioinsight.com/headlines/278801/beasley-media-groups-board-authorizes-reverse-stock-split/).A 1-for-20 split will become effective on September 23, 2024 with shares of the company’s* Class A Common Stock expected to begin trading on a split-adjusted basis on Nasdaq on September 24. On the Effective Date, every 20 shares of Beasley’s Class A Common Stock issued and outstanding will be automatically converted into one share of Class A Common Stock, and every 20 shares of its Class B Common Stock issued and outstanding will be automatically converted into one share of Class B Common Stock. No fractional shares of stock will be issued in connection with the reverse stock split. Holders of Common Stock who would otherwise receive a fractional share of Common Stock pursuant to the reverse stock split will receive cash in lieu of the fractional share equal to the closing sales price of the Class A Common Stock on the Effective Date.The reverse stock split is being conducted to regain compliance with the $1.00 minimum bid price requirement for continued listing on the Nasdaq Capital Market (?Nasdaq?).
more (https://radioinsight.com/headlines/281813/beasley-sets-details-of-reverse-stock-split/)