NEW YORK--(BUSINESS WIRE)--The New York Stock Exchange ("NYSE" or "Exchange") announced today that the staff of NYSE Regulation has determined to commence proceedings to delist the Class A common stock of Audacy, Inc. (the "Company") - ticker symbol AUD - from the NYSE. Trading in the Company's Class A common stock will be suspended immediately.
NYSE Regulation has determined that the Company's Class A common stock is no longer suitable for listing based on "abnormally low" price levels, pursuant to Section 802.01D of the Listed Company Manual.
The Company has a right to a review of this determination by a Committee of the Board of Directors of the Exchange. The NYSE will apply to the Securities and Exchange Commission to delist the Company's Class A common stock upon completion of all applicable procedures, including any appeal by the Company of the NYSE Regulation staff's decision.
Contacts
Company Contact:
Investor Contacts:
Joseph Jaffoni, Jennifer Neuman, Norberto Aja
JCIR
(212) 835-2500
AUD@jcir.com
Audacy Contact:
Ashok Sinha
SVP and Head of Communications
(610) 822-0832
Ashok.Sinha@audacy.com
NYSE Contact:
NYSE Communications
PublicRelations-NYSE@ice.com
