Company: UONE
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001041657-25-000054
Chunk: 21

Company: URBAN ONE, INC.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 2
Chunk 21
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 that the Company has capacity under its financing agreements (i.e., its current credit facilities and indentures) (each a “Stock Vest Tax Repurchase”). 

On June 10, 2024, the Company’s Board of Directors approved a share repurchase authorization to repurchase up to $20.0 million of the Company's outstanding Class A and/or Class D Common Stock (collectively, the “2024 Stock Repurchase Program”) on a cash basis.

During the nine months ended September 30, 2025, the Company repurchased 851,884 shares of Class A Common Stock under the 2024 Stock Repurchase Program of approximately $1.3 million at an average price of $1.58 per share. During the nine months ended September 30, 2024, the Company repurchased 1,464,300 shares of Class A Common Stock in the amount of approximately $3.0 million at an average price of $2.03 per share.

During the nine months ended September 30, 2025, the Company repurchased 998,017 shares of Class D Common Stock in the amount of approximately $0.7 million at an average price of $0.72 per share. During the nine months ended September 30, 2024, the Company repurchased 647,528 shares of Class D Common Stock in the amount of approximately $0.9 million at an average price of $1.39 per share. 

After giving effect to the above transactions across both our Class A and our Class D Common Stock, the 2024 Stock Repurchase Program has approximately $11.4 million remaining under the authorization. 

50

During the nine months ended September 30, 2025, the Company executed Stock Vest Tax Repurchases of 492,108 shares of Class D Common Stock in the amount of approximately $0.4 million at a price of $0.76 per share. During the nine months ended September 30, 2024, the Company executed Stock Vest Tax Repurchases of 423,511 shares of Class D Common Stock in the amount of approximately $1.4 million at an average price of $3.21 per share.

On January 25, 2021, the Company closed on an offering (the “2028 Notes”) of $825.0 million in aggregate principal amount of the 2028 Notes in a private offering exempt from the registration requirements of the Securities Act of 1933,