
Mediaco Holding Receives Nasdaq Minimum Bid Price Notice

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Mediaco Holding received a notice from Nasdaq for trading below the $1.00 minimum bid price for 30 consecutive days, risking non-compliance with listing standards. The company has a 180-day grace period to rectify this, with potential delisting if not resolved. Analysts rate the stock as a 'Sell' with a $0.63 target, citing financial instability and bearish trends. Mediaco may consider a reverse stock split to address the issue.
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