Company: UONE
Filing Date: 2025-05-08
Form Type: DEF 14A
Source: 0001041657-25-000025
Chunk: 49

Company: URBAN ONE, INC.
Filing Date: 2025-05-08
Form: DEF 14A
Chunk 49
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 D common stock. Our Board of Directors intends to effect the proposed reverse stock split only if it believes that a decrease in the number of shares outstanding is likely to improve the trading prices for our Class A and Class D common stock, and only if the implementation of a reverse stock split is determined by the Board of Directors to be in the best interests of the Company and its stockholders. Our Board of Directors may exercise its discretion not to implement a reverse stock split.

#### Impact of the Reverse Stock Split if Implemented
If approved and effected, the reverse stock split will be realized simultaneously and in the same ratio for all classes (Class A, Class B, Class C and Class D) of our common stock. The reverse stock split will affect all holders of our common stock uniformly and will not affect any stockholder’s percentage ownership interest in the Company. As described below, holders of common stock otherwise entitled to a fractional share as a result of the reverse stock split will receive a cash payment in lieu of such fractional share. These cash payments will reduce the number of post-reverse stock split holders of our common stock to the extent there are concurrent stockholders who would otherwise receive less than one share of common stock after the reverse stock split. In addition, the reverse stock split will not affect any stockholder’s proportionate voting power (subject to the treatment of fractional shares).

The principal effects of the reverse stock split Amendment will be that:

• depending on the ratio for the reverse stock split selected by our Board of Directors, each two shares or up to thirty shares of common stock owned by a stockholder, or any whole number of shares of common stock between two and up to thirty as determined by the Board of Directors, will be combined into one new share of common stock;

• the number of shares of common stock issued and outstanding across all classes will be reduced from approximately 45,617,730 shares as of March 21, 2025 to a range of approximately 22,208,865 shares to 1,520,591 shares, depending upon the reverse stock split ratio selected by the Board of Directors;

• because the number of issued and outstanding shares of common stock will decrease as result of the reverse stock split, the number of authorized but unissued shares of common stock may increase on a relative basis. These additional shares of authorized common stock would be available for issuance at the discretion of our Board of Directors from time to time for corporate purposes such as raising additional capital and settling outstanding obligations, acquisitions of companies or assets and sales of stock or