MediaCo Shares Up, Nasdaq Decision Ahead for MDIA
MediaCo Holding Inc. ticked up Wednesday, but the stock stuck under $1. Shares last changed hands at $0.8987, gaining around 1%, with an intraday range from $0.8626 to $0.8996. Around 18,601 shares traded. Market cap stood at roughly $73.4 million. But even with the recent gain, the listing issue remains. In December, MediaCo said Nasdaq flagged its shares for a minimum bid-price violation after they traded below $1 for 30 days in a row. The clock runs until June 17, 2026—MediaCo has to get shares to close at $1 or higher for 10 straight business days to get back into compliance. Otherwise, delisting could follow. The company said it might look at moves like a reverse stock split.