Urban One Shares Sink On News Of Possible Share Offering

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Dilute this.


That could be what some Urban One shareholders are saying through their decision to sell the company’s Class A shares in the wake of a plan to offer some $25 million worth of new shares in the open market.

In early after-hours trading on Wednesday, UONE reached a level last seen June 14 — erasing its entire surge in share value seen in the last eight weeks.

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