B. Riley Financial Announces Notification of Delinquency with Nasdaq
B. Riley Financial (NASDAQ: RILY) has received a delinquency notification from Nasdaq on May 21, 2025, for failing to comply with listing rules due to delayed filing of its Q1 2025 Form 10-Q. This follows a previous notification regarding the delayed 2024 annual report (10-K). The company must submit a compliance plan to Nasdaq by June 2, 2025, addressing both delinquent filings.
If Nasdaq accepts the plan, RILY could receive up to 180 calendar days from the initial delinquent filing's due date (until September 29, 2025) to regain compliance. The notification currently has no immediate effect on RILY's Nasdaq listing status.
B. Riley Financial (NASDAQ: RILY) ha ricevuto una notifica di inadempienza da Nasdaq il 21 maggio 2025, a causa del mancato rispetto delle regole di quotazione dovuto al ritardo nella presentazione del modulo 10-Q relativo al primo trimestre 2025. Questo segue una precedente notifica riguardante il ritardo nella presentazione del rapporto annuale 2024 (10-K). La società deve presentare un piano di conformità a Nasdaq entro il 2 giugno 2025, che affronti entrambe le presentazioni in ritardo.
Se Nasdaq accetterà il piano, RILY potrebbe avere fino a 180 giorni di calendario dalla data di scadenza della prima presentazione in ritardo (fino al 29 settembre 2025) per tornare in conformità. Attualmente, la notifica non ha effetti immediati sullo stato di quotazione di RILY su Nasdaq.
B. Riley Financial (NASDAQ: RILY) ha recibido una notificación de incumplimiento por parte de Nasdaq el 21 de mayo de 2025, debido a la falta de cumplimiento con las normas de cotización por el retraso en la presentación del formulario 10-Q del primer trimestre de 2025. Esto sigue a una notificación previa relacionada con el retraso en el informe anual 2024 (10-K). La empresa debe presentar un plan de cumplimiento a Nasdaq antes del 2 de junio de 2025, que aborde ambas presentaciones atrasadas.
Si Nasdaq acepta el plan, RILY podría disponer de hasta 180 días naturales desde la fecha de vencimiento de la primera presentación atrasada (hasta el 29 de septiembre de 2025) para recuperar el cumplimiento. Actualmente, la notificación no tiene efecto inmediato sobre el estado de cotización de RILY en Nasdaq.
B. Riley Financial (NASDAQ: RILY)는 2025년 5월 21일 나스닥으로부터 2025년 1분기 10-Q 보고서 제출 지연으로 인해 상장 규정 미준수 통지를 받았습니다. 이는 2024년 연례 보고서(10-K) 지연에 대한 이전 통지에 따른 것입니다. 회사는 2025년 6월 2일까지 두 건의 지연된 제출에 대한 준수 계획을 나스닥에 제출해야 합니다.
나스닥이 계획을 승인하면, RILY는 최초 지연 제출 마감일로부터 최대 180일(2025년 9월 29일까지) 동안 준수 상태를 회복할 수 있습니다. 현재 이 통지는 RILY의 나스닥 상장 상태에 즉각적인 영향을 미치지 않습니다.
B. Riley Financial (NASDAQ : RILY) a reçu une notification de défaillance de la part de Nasdaq le 21 mai 2025, en raison du non-respect des règles de cotation lié au dépôt tardif de son formulaire 10-Q du premier trimestre 2025. Cela fait suite à une notification précédente concernant le retard du rapport annuel 2024 (10-K). La société doit soumettre un plan de conformité à Nasdaq avant le 2 juin 2025, traitant des deux dépôts en retard.
Si Nasdaq accepte ce plan, RILY pourrait bénéficier d’un délai allant jusqu’à 180 jours calendaires à partir de la date d’échéance du premier dépôt en retard (jusqu’au 29 septembre 2025) pour se remettre en conformité. Cette notification n’a actuellement aucun effet immédiat sur le statut de cotation de RILY sur Nasdaq.
B. Riley Financial (NASDAQ: RILY) erhielt am 21. Mai 2025 eine Benachrichtigung über eine Delinquenz von der Nasdaq aufgrund der verspäteten Einreichung des Formulars 10-Q für das erste Quartal 2025, was gegen die Börsenzulassungsregeln verstößt. Dies folgt auf eine vorherige Benachrichtigung bezüglich des verspäteten Jahresberichts 2024 (10-K). Das Unternehmen muss bis zum 2. Juni 2025 einen Compliance-Plan bei der Nasdaq einreichen, der beide verspäteten Einreichungen adressiert.
Wenn die Nasdaq den Plan akzeptiert, könnte RILY bis zu 180 Kalendertage ab dem Fälligkeitsdatum der ersten verspäteten Einreichung (bis zum 29. September 2025) Zeit erhalten, um die Compliance wiederherzustellen. Die Benachrichtigung hat derzeit keine unmittelbaren Auswirkungen auf den Nasdaq-Listingstatus von RILY.
- None.
- Company failed to file Q1 2025 Form 10-Q on time
- Previous failure to file 2024 annual report (Form 10-K)
- Risk of potential Nasdaq delisting if compliance plan is not accepted or executed
The Nasdaq Listing Rule requires listed companies to timely file all required periodic financial reports with the Securities and Exchange Commission (the "SEC"). This notification has no immediate effect on the listing of the Company's securities on Nasdaq.
Nasdaq has informed the Company that it must submit a plan by June 2, 2025, 60 days from the Nasdaq letter received on April 3, 2025, in connection with the delinquency of the Company's filing of its form 10-K for the period ended December 31,2024 (the "Initial Delinquent Filing"), to address how it intends to regain compliance with Nasdaq's listing rules. If accepted, Nasdaq can grant an exception of up to 180 calendar days from the due date of the Initial Delinquent Filing, or until September 29, 2025, to regain compliance.
B. Riley expects to submit an updated plan to Nasdaq by the June 2 deadline.
About B. Riley Financial
B. Riley Financial (BRF) is a diversified financial services company that delivers tailored solutions to meet the strategic, operational, and capital needs of its clients and partners. BRF leverages cross-platform expertise to provide clients with full service, collaborative solutions at every stage of the business life cycle. Through its subsidiaries and affiliated entities, BRF provides end-to-end financial services across investment banking, institutional brokerage, private wealth and investment management, financial consulting, corporate restructuring, operations management, risk and compliance, due diligence, forensic accounting, litigation support, appraisal and valuation, auction, and liquidation services. BRF opportunistically invests to benefit its shareholders, and certain affiliates originate and underwrite senior secured loans for asset-rich companies. BRF refers to B. Riley Financial, Inc. and/or one or more of its subsidiaries or affiliates. For more information, please visit www.brileyfin.com.
Forward-Looking Statements
Statements made in this press release that are not descriptions of historical facts are forward-looking statements that are based on management's current expectations and assumptions and are subject to risks and uncertainties. If such risks or uncertainties materialize or such assumptions prove incorrect, our business, operating results, financial condition, and stock price could be materially negatively affected. You should not place undue reliance on such forward-looking statements, which are based on the information currently available to us and speak only as of today's date. All statements other than statements of historical fact are forward-looking statements. These forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the Company's performance or achievements to be materially different from any expected future results, performance, or achievements. Forward-looking statements speak only as of the date they are made and the Company assumes no duty to update forward-looking statements, except as required by law. Actual future results, performance or achievements may differ materially from historical results or those anticipated depending on a variety of factors, some of which are beyond the control of the Company, including, but not limited to, the risks described from time to time in the Company's periodic filings with the SEC, including, without limitation, the risks described in the Company's 2023 Annual Report on Form 10-K and in B. Riley Financial's Quarterly Reports on Form 10-Q for the period ended September 30, 2024 under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" (as applicable). These factors should be considered carefully, and readers are cautioned not to place undue reliance on such forward-looking statements. All information is current as of the date this press release is issued, and the Company undertakes no duty to update this information.
Contacts
Investors
ir@brileyfin.com
Mike Frank
VP Corporate Development & Investor Relations
mfrank@brileyfin.com
Media
press@briley.com
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SOURCE B. Riley Financial, Inc.
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