Home Listing rules MEDIACO HOLDING INC. : Notice of cancellation or non-compliance with a rule or standard for maintaining registration; Transfer of Enrollment (Form 8-K)

MEDIACO HOLDING INC. : Notice of cancellation or non-compliance with a rule or standard for maintaining registration; Transfer of Enrollment (Form 8-K)

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Item 5.02 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or
           Standard; Transfer of Listing.


At April 1, 2022, MediaCo Holding Inc. (the “Company”) has received a deficiency letter (the “Nasdaq Letter”) from the Nasdaq Listing Qualifications Departmentnotifying the Company that the Company is not in compliance with Nasdaq Listing Rule 5550(b)(3), which requires the Company to maintain net income from continuing operations of $500,000 from continuing operations in the last completed financial year, or in two of the last three completed financial years (the “Minimum Income Requirement”), and also fails to comply with any of the Listing Standards alternatives, the market value of listed securities or equity. The company’s failure to meet the minimum net income requirement was based on the company’s filing of its annual report on Form 10-K for the fiscal year ended December 31, 2021reporting a net loss from continuing operations of ($6,082,000).

Pursuant to the Nasdaq Letter, the Company has 45 calendar days from the date of the Nasdaq Letter to submit a plan to restore compliance and intends to submit such a plan during this period. If it accepts the plan, Nasdaq may grant an extension of up to 180 calendar days from the date of the Nasdaq letter to demonstrate compliance. In the event the plan is not accepted by Nasdaq staff, or in the event the plan is granted but the company fails to regain compliance within the plan period, the company would be entitled to a hearing before an independent panel. The request for hearing would stay any stay or strike action pending the conclusion of the hearing process and the expiration of any additional extension period granted by the panel after the hearing.

The Company intends to take all reasonable steps available to regain compliance with Nasdaq listing rules and to remain listed on Nasdaq.

Neither the Nasdaq Letter nor the Company’s non-compliance has any immediate effect on the listing or trading of the Company’s common stock, which will continue to trade on the Nasdaq Capital Market under the symbol “MDIA”.

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