Understanding Audacy Investor Relations and NYSE Actions

Audacy investor relations can be a complex topic, but understanding the basics can make a big difference. Audacy, a leading podcast and radio streaming service, is listed on the New York Stock Exchange (NYSE) under the ticker symbol AUDA.

The company's investor relations team provides regular updates on financial performance and company news. This information is crucial for investors who want to stay informed about Audacy's growth and prospects.

Audacy's investor relations team is committed to transparency and accountability. They regularly disclose information about company operations, financial performance, and governance. This information is available on the company's website and through various financial reporting channels.

Here's an interesting read: Team Investor Relations

Audacy has secured a significant investment from Soros Fund Management, which has emerged as the primary shareholder after acquiring $414 million of the company's debt.

This move represents a vote of confidence in Audacy's future, with the company expecting to emerge from its restructuring process with a strong capital structure.

Curious to learn more? Check out: Is Anyone Who Invests in a Company a Share Holder

Audacy's debt load will be reduced by about 80%, from $1.9 billion to $350 million, thanks to a deal with debt holders.

The company's portfolio includes 230 radio stations, such as WCBS in New York, KROQ in Los Angeles, and WFAN Sports Radio in New York, among others.

Audacy's podcasting brands, including Cadence13 and Pineapple Street Studios, and Popcorn, an online marketplace for connecting creators and brands, claim to engage with over 170 million listeners each month.

Related reading: Fortune Brands Investor Relations

You'll need to give Audacy at least five business days' prior written notice of any intended transfer of your shares of common stock or warrants. This notice should include the identity of the transferee and any information requested by Audacy to ensure compliance with applicable laws.

Transferees who aren't already parties to the Shareholders' Agreement must execute the Joinder to Shareholders' Agreement and can't be a Company Competitor as defined in the Shareholders' Agreement. This agreement is available on Audacy's secured IntraLinks site.

Audacy can void any transfer that it believes would create a material risk that the Company would become a reporting company under the Exchange Act. This means you'll need to carefully consider the potential consequences of transferring your shares or warrants.

Depending on the number of shares and/or warrants being transferred, the transfer may be subject to a right of first refusal in favor of the Major Stockholders as defined in the Shareholders' Agreement. This means the Major Stockholders will have the first opportunity to purchase the shares or warrants before they can be transferred to someone else.

Soros Fund Management has emerged as the primary shareholder of Audacy after acquiring a significant chunk of the company's debt, worth approximately $414 million.

This move is a result of Audacy's decision to file for Chapter 11 bankruptcy protection to reduce its debt load. The company's debt was largely acquired from its 2017 merger with CBS Radio.

The agreement with debt holders will give Audacy a stronger capital structure and position it well for its strategic transformation into a leading multi-platform audio content and entertainment company.

The NYSE Actions section is a crucial part of Audacy's investor relations. The company is listed on the New York Stock Exchange (NYSE) under the ticker symbol NYSE:AUD.

Audacy's common stock began trading on the NYSE on October 1, 2021, marking a significant milestone in the company's history. This listing provided investors with a new way to buy and sell shares of the company.

The NYSE is a leading global exchange, providing a platform for companies like Audacy to raise capital and connect with investors. Its listing on the NYSE has helped Audacy increase its visibility and reach a wider audience.

Audacy's stock price has fluctuated since its listing, with prices ranging from $1.50 to $4.50 per share.

For more insights, see: New Relic Investor Relations