Audacy, Inc. (NYSE: AUD) (the “Company” or “Audacy”) announced today that the New York Stock Exchange (the “NYSE”) publicly announced and notified the Company that the NYSE elected to commence proceedings to delist the Company’s Class A Common Stock (the “common stock”) from the NYSE pursuant to Section 802.01D of the NYSE Listed Company Manual (“Section 802.01D”). Under Section 802.01D, the NYSE will consider commencing delisting procedures when a company’s listed securities experience an abnormally low selling price. The NYSE will apply to the Securities and Exchange Commission (the “SEC”) to delist the Company’s common stock pending completion of applicable procedures. While the NYSE pursues such procedures, trading in the Company’s common stock on the NYSE is suspended but the common stock will continue to be able to be traded over the counter.
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