BBGI · Beasley Broadcast Group, Inc.

Beasley Broadcast Group faces a significant listing risk after receiving a formal notice from Nasdaq on April 13, 2026, for failing to maintain the minimum stockholders' equity required for continued listing on The Nasdaq Capital Market. The company's substantial stockholders' deficit of $49.3 million as of December 31, 2025, places it well below the $2.5 million threshold, triggering the compliance notice. While the notice does not immediately affect the stock's trading status, it initiates a critical timeline: the company must submit a compliance plan by May 28, 2026. If Nasdaq accepts the plan, the company could receive up to 180 days (until October 10, 2026) to demonstrate compliance. The company is currently evaluating various courses of action and specifically mentioned assessing the expected accounting impacts of previously reported Transactions (referenced from a March 20, 2026, 8-K filing) to determine if they could help meet the equity requirement. However, the filing explicitly states there is no assurance that Nasdaq will accept the company's plan or that compliance can be achieved within the granted period. This situation creates uncertainty for investors regarding the company's continued listing status and its ability to address its financial structure to meet exchange requirements.