Urban One — the media company behind the proposed Richmond Grand Resort and Casino — has been granted an extension to the decision regarding its possible suspension from the Nasdaq stock exchange.
The decision will be made pending the hearing scheduled for Nov. 30 and a final decision regarding Urban One’s listing status, according to a filing with the U.S. Securities and Exchange Commission.
This comes after filing forms that stated the company received its first letter of noncompliance from Nasdaq on April 3.
Previously, on May 10, Urban One filed a notification of late filing. Then, a few days later on May 19, Urban One received a second letter of noncompliance.
