URBAN ONE, INC. 8-K
Research Summary
AI-generated summary
Urban One, Inc. Announces 1-for-10 Reverse Stock Split Effective Jan 22, 2026
What Happened Urban One, Inc. (UONE) filed an 8-K reporting that it has effected a 1-for-10 reverse stock split of all classes of its common stock (Class A, B, C and D). The Company filed a Certificate of Amendment on January 16, 2026; the reverse split is effective as of 11:59 p.m. Eastern Time on January 22, 2026. The Audit Committee approved the final 1-for-10 ratio on January 6, 2026, after the Board previously authorized a ratio range of 1-for-2 to 1-for-30.
Key Details
- Reverse split ratio: 1-for-10 for all classes of common stock (Class A, B, C, D), applied uniformly.
- Effective date/time: 11:59 p.m. ET on January 22, 2026.
- Trading/ticker/CUSIP: Class A will continue trading under UONE (new CUSIP 91705J303); Class D will remain UONEK (new CUSIP 91705J402).
- Fractional shares: No fractional shares will be issued; holders entitled to fractional shares will receive cash in lieu equal to the Nasdaq closing sales price of the applicable class on the effective date.
- Reference materials: The action follows the Company’s definitive information statement filed May 8, 2025; Certificate of Amendment and press release are filed as exhibits.
Why It Matters A reverse stock split reduces the number of outstanding shares and increases the per-share price proportionally but does not change a holder’s percentage ownership (except for minor differences from cashing out fractional shares). The split does not affect Urban One’s business operations, total stockholders’ equity, or proportional voting power aside from fractional-share cash-outs. Investors should note the new CUSIPs and that fractional-share holders will be paid cash based on the Nasdaq closing price on Jan 22, 2026.
Loading document...