Cumulus has been notified by NASDAQ that it is not in compliance because its stock price has closed below $1.00 per share for 30 consecutive business days. Cumulus has 180 days, or until October 2, 2017, to regain compliance. If the Cumulus stock loses at $1.00 per share or more for a minimum of 10 consecutive business days, NASDAQ will notify the Company that it is back in compliance.
