It’s been quite the three quarters for Urban One, the media company super-serving Black consumers across the U.S.
Until the murders of George Floyd and Breonna Taylor, its share price was mired in the low-$1 range. Then, speculators sent UONE skyrocketing on the Nasdaq Global Select market — a boost in value that would greatly subside by the end of summer.
Even so, Urban One’s share value today is much higher than before June 11. As such, early participation in an exchange offer and consent solicitation was a triumphant success.