Cumulus Media’s grand return to the NASDAQ Global Market has been finalized.
While Cumulus is already using the “CMIA” symbol and a value of $15, there’s been no active trading of the company’s stock.
That’s now expected to occur on Wednesday (8/1), thanks to a notice received Friday from the NASDAQ Stock Market.
CMIA is the company’s Class A common stock — at least for now.
Cumulus “CMLS” ticker symbol has been reinstated, and that’s what will be seen in the new month and in the years ahead for the nation’s second-largest broadcaster by station count.