Company: UONE
Filing Date: 2025-04-09
Form Type: 8-K
Source: 0001041657-25-000018
Chunk: 2

Company: URBAN ONE, INC.
Filing Date: 2025-04-09
Form: 8-K
Item: Item 4.01
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 place to ensure IT equipment was being purchased for a valid business purpose. Additionally, the Company did not have properly designed internal controls to support the existence of its IT assets.

The Audit Committee discussed this matter with EY, and the Company has authorized EY to respond fully to any inquiries of PwC with respect to this matter.

The Company provided EY with a copy of the disclosures it is making in this Current Report on Form 8-K and requested a letter from EY to the United States Securities and Exchange Commission indicating whether it agrees with these disclosures. A copy of EY’s letter, dated April 9, 2025, is filed as Exhibit 16.1 hereto.

During the fiscal years ended December 31, 2024 and 2023 and the subsequent interim period through April 7, 2025, the Company has not consulted with PwC regarding either (i) the application of accounting principles to a specified transaction, either completed or proposed; or the type of audit opinion that might be rendered on the Company's financial statements, and neither a written report was provided to the Company nor was oral advice provided that PwC concluded was an important factor considered by the Company in reaching a decision as to the accounting, auditing or financial reporting issue; or (ii) any matter that was either the subject of a disagreement, as that term is defined in S-K 304(a)(1)(iv) and the related instructions to S-K 304, or a reportable event, as that term is defined in S-K 304(a)(1)(v).

ITEM 9.01. Financial Statements and Exhibits.

(d)  Exhibits

  Exhibit      Description                                                                                   
   Number                                                                                                    
     16.1      Letter of EY LLP to the United States Securities and Exchange Commission dated April 9, 2025  
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────
      104      Cover Page Interactive Data File (formatted in Inline XBRL and contained in Exhibit 101)      

Forward Looking Statements

The Company cautions you certain of the statements in this Form 8-K or in its press release may represent “forward-looking statements” as defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. These statements are based on assumptions believed by the Company to be reasonable and speak only as of the date