MediaCo receives non-compliance letter from NASDAQ

MediaCo Holding announced that it received an expected deficiency notification letter from the Listing Qualifications Staff of The Nasdaq Stock Market on August 20. The Notice indicated that the Company was not in compliance with Nasdaq Listing Rule 5250 as a result of its failure to timely file its Quarterly Report on Form 10-Q for the quarter ended June 30, as described more fully in the Company’s Form 12b-25 Notification of Late Filing (the “Form 12b-25”) filed with the SEC on August 14, 2024. The Listing Rule requires Nasdaq-listed companies to timely file all required periodic reports with the SEC. The Notice indicates that the Company has until October 21, 2024 to submit a plan to regain compliance with the Listing Rule with respect to the delinquent filing, and indicates that any additional Nasdaq Staff exception to allow the Company to regain compliance with the delinquent filing will be limited to a maximum of 180 calendar days from the due date of the Q2 2024 Form 10-Q, or February 17, 2025. The Company intends to submit a compliance plan to Nasdaq and take the necessary steps to regain compliance with the Listing Rule as soon as practicable.