Cumulus Sets Date For Reverse Stock Split Vote


The meeting is set for October 12 at 9 a.m. in Atlanta according to the latest SEC filing by Cumulus. The proposal Cumulus stockholders will vote on is a reverse stock split of Class A common stock, Class B common stock, and Class C common stock at a ratio of one share for each eight shares of the same class of Common Stock, and if and when the reverse stock split is approved, reduce the number of authorized shares of Cumulus’ stock by the reverse stock split ratio.


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