B. Riley Financial Regains Compliance with Nasdaq Listing Rule 5250(c)(1)

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B. Riley Financial, Inc. (Nasdaq: RILY) has announced that it has regained compliance with Nasdaq Listing Rule 5250(c)(1) after filing its 2023 Annual Report on Form 10-K. The company received a notice of non-compliance on March 18, 2024, but has now rectified the situation. This news reflects the company's commitment to transparency and regulatory compliance.

LOS ANGELES, April 26, 2024 /PRNewswire/ -- B. Riley Financial, Inc. (Nasdaq: RILY) (the "Company") announced that the Company has regained compliance with Nasdaq Listing Rule 5250(c)(1) in connection with the filing of its 2023 Annual Report on Form 10-K (the "Annual Report").

The Company received notice from The Nasdaq Stock Market on April 25, 2024 that it has regained compliance with the Listing Rule, which requires listed companies to timely file all required periodic financial reports with the Securities and Exchange Commission.

The Company received a standard notice of non-compliance on March 18, 2024 due to the delayed filing of its 2023 Annual Report.

About B. Riley Financial
B. Riley Financial is a diversified financial services platform that delivers tailored solutions to meet the strategic, operational, and capital needs of its clients and partners. B. Riley leverages cross-platform expertise to provide clients with full service, collaborative solutions at every stage of the business life cycle. Through its affiliated subsidiaries, B. Riley 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. B. Riley opportunistically invests to benefit its shareholders, and certain affiliates originate and underwrite senior secured loans for asset-rich companies. B. Riley refers to B. Riley Financial, Inc. and/or one or more of its subsidiaries or affiliates. For more information, please visit www.brileyfin.com.

Contact
Investors
Mike Frank
ir@brileyfin.com
(212) 409-2424

Media
Jo Anne McCusker
press@brileyfin.com
(646) 885-5425

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SOURCE B. Riley Financial

FAQ

Why did B. Riley Financial receive a notice of non-compliance from Nasdaq?

B. Riley Financial received a notice of non-compliance from Nasdaq due to the delayed filing of its 2023 Annual Report.

What is Nasdaq Listing Rule 5250(c)(1)?

Nasdaq Listing Rule 5250(c)(1) requires listed companies to timely file all required periodic financial reports with the Securities and Exchange Commission.

When did B. Riley Financial regain compliance with Nasdaq Listing Rule 5250(c)(1)?

B. Riley Financial regained compliance with Nasdaq Listing Rule 5250(c)(1) on April 25, 2024.

What was the impact of the delayed filing of the 2023 Annual Report on B. Riley Financial?

The delayed filing of the 2023 Annual Report led to a notice of non-compliance from Nasdaq for B. Riley Financial.

What does the announcement about regaining compliance with Nasdaq Listing Rule 5250(c)(1) signify for B. Riley Financial?

The announcement signifies that B. Riley Financial has rectified the situation and is now in compliance with regulatory requirements.

How does this news reflect on B. Riley Financial's commitment to transparency?

This news reflects B. Riley Financial's commitment to transparency by ensuring timely filing of financial reports and regulatory compliance.