URBAN ONE ONGOING INVESTOR ALERT: Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Urban One To Contact Him Directly To Discuss Their Options

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PR Newswire

NEW YORK, Oct. 11, 2023

If you purchased or acquired securities in Urban One stock or options and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). You may also click here for additional information: www.faruqilaw.com/UONE.

There is no cost or obligation to you.

NEW YORK, Oct. 11, 2023 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Urban One, Inc. ("Urban One" or the "Company") (NASDAQ: UONE).

Faruqi & Faruqi is a leading minority and Woman-owned national securities law firm with offices in New York, Pennsylvania, California and Georgia.

On May 24, 2023, Urban One reported receipt of "a letter from the Listing Qualifications Department of the Nasdaq Stock Market LLC ('Nasdaq') on May 19, 2023 (the 'Second Nasdaq Letter') notifying the Company that it was not in compliance with requirements of Nasdaq Listing Rule 5250(c)(1) (the 'Rule') as a result of not having timely filed (i) its Annual Report on Form 10-K for the period ended December 31, 2022 (the '2022 Form 10-K') and (ii) its Quarterly Report on Form 10-Q for the period ended March 31, 2023 (the 'Q1 2023 Form 10-Q' and, together with the 2022 Form 10-K, the 'Delinquent Reports'), with the Securities and Exchange Commission ('SEC')."

On this news, Urban One's stock price fell $0.70 per share, or 9.86%, to close at $6.40 per share on May 25, 2023.

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SOURCE Faruqi & Faruqi, LLP

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