Cumulus Media (CMLS) has disclosed a new risk, in the Share Price & Shareholder Rights category.
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Cumulus Media faces a significant risk as it is currently not in compliance with the Nasdaq’s continued listing standards due to its Class A common stock trading below the required $1.00 per share minimum for over thirty consecutive business days. Should the company fail to address this deficiency by June 16, 2025, its stock may be delisted, leading to reduced liquidity and potentially lower market prices. While the company plans to monitor and rectify this situation, there is no guarantee of success in regaining compliance or in any potential appeals against delisting. This situation poses a material adverse effect on the liquidity and value of Cumulus Media’s stock, highlighting a pressing concern for its stakeholders.
Overall, Wall Street has a Hold consensus rating on CMLS stock based on 2 Holds.
To learn more about Cumulus Media’s risk factors, click here.