Urban One Inc.
02/11/2026 | Press release | Distributed by Public on 02/11/2026 07:06
Material Agreement (Form 8-K)
Item 1.01 Entry into a Material Definitive Agreement
On February 9, 2026, Urban One, Inc. (the "Company") entered into a First Amendment to Amended and Restated Credit Agreement (the "Amendment"). The Amendment amends that certain Amended and Restated Credit Agreement dated as of December 18, 2025, among the Company, the other borrowers party thereto from time to time, Bank of America, N.A., as Administrative Agent and each Lender from time-to-time party thereto (the "Current ABL Facility"). The Amendment makes certain changes to clarify the maturity date of the Current ABL Facility and defines the "Maturity Date" to mean the earlier to occur of (a) December 18, 2030, (b) the date that is ninety-one (91) days prior to the maturity or expiration date applicable to any Material Indebtedness (other than the Existing Notes) and (c) the date on which the Existing Notes Non-Springing Maturity Condition fails to be true.
The foregoing description of the Amendment is not complete and is qualified in its entirety by reference to the full text of the First Amendment to Amended and Restated Credit Agreement, a copy of which is filed as Exhibit 4.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Item 8.01 Other Events.
On February 9, 2026, the Company received notice from the Nasdaq Stock Market, LLC ("Nasdaq") confirming that it has regained compliance the Nasdaq listing requirement requiring listed companies to maintain a minimum bid price of $1.00. The letter noted that the Nasdaq Staff had determined that for the last ten consecutive business days, from January 23, 2026, to February 6, 2026, the closing bid price of the Company's Class D Common Stock has been at $1.00 per share or greater.
With the Company in compliance with the Minimum Bid Price Rule, Nasdaq has ceased any action to delist the Company's securities and considers the matter closed.
Urban One Inc. published this content on February 11, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on February 11, 2026 at 13:06 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]