Beasley Broadcasting Group (BBGI) Announces 1-for-20 Reverse Stock Split
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Beasley Broadcast Group Announces Reverse Stock Split
September 19, 2024 7:00 AM EDTNAPLES, Fla., Sept. 19, 2024 (GLOBE NEWSWIRE) -- Â Beasley Broadcast Group Inc. (Nasdaq: BBGI), a multi-platform media company (the Company), today announced that its Board of Directors (the Board) has approved a reverse stock split of its Class A Common Stock and Class B Common Stock (collectively, the Common Stock) at a ratio of 1-for-20. Stockholders previously approved the reverse stock split on August 26, 2024 and provided the Board with discretion to determine the final reverse stock split ratio.
The reverse stock split is being conducted to regain compliance with the $1.00 minimum bid price... More
