Urban One Shares Sink On News Of Possible Share Offering


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.

Please Login to view this premium content. (Not a member? Join Today!)