Audacy Delisted From NYSE

• Audacy, Inc. announced that its appeal of the determination by the New York Stock Exchange (NYSE) to commence proceedings to delist Audacy’s Class A Common Stock from the NYSE was not successful. As a result, the NYSE yesterday filed a Form 25 relating to the delisting from the NYSE of its Common Stock with the Securities & Exchange Commission (SEC), which will become effective on or about November 10, 2023.

The delisting comes several months after Audacy initiated a reverse stock split in an effort to return to the NYSE. Shares had been trading below the NYSE’s minimum threshold of $1 per share since early August.

Audacy stock has not been traded on the NYSE since May when the NYSE notified Audacy that it had elected to commence proceedings to delist the Common Stock from the NYSE based on Audacy’s “abnormally low” price levels. The Common Stock will continue to trade over the counter under the symbol “AUDA.”