On September 23, 2024, Beasley Broadcast Group, Inc. (the “Company”) filed with the Secretary of State of the State of Delaware a Certificate of Amendment to its Amended and Restated Certificate of Incorporation (the “Charter Amendment”) to effect a 1-for-20 reverse stock split of the Company’s Class A Common Stock and Class B Common Stock (the “Reverse Stock Split”), effective as of 11:59 p.m. Eastern Time on September 23, 2024 (the “Effective Date”).

No fractional shares will be issued in connection with the Reverse Stock Split. Instead, in lieu of any fractional shares, the Company will pay cash for each holder’s fractional shares in an amount equal to the closing sales price of the Company’s Class A Common Stock as reported on The Nasdaq Capital Market (“Nasdaq”) on the Effective Date.

Following the Effective Date of the Reverse Stock Split, the Company’s Class A Common Stock will continue to be traded under the symbol “BBGI” and will begin trading on a reverse stock split-adjusted basis on Nasdaq at the beginning of trading on September 24, 2024 or as soon thereafter as practicable, under the new CUSIP number 074014 200.