B. Riley Financial Receives Nasdaq Extension Amid Reporting Delays and Compliance Efforts

B. Riley Financial Receives Extension from Nasdaq

B. Riley Financial, Inc. (NASDAQ: RILY), a prominent player in the diversified financial services sector, has recently been granted a critical extension by Nasdaq regarding its compliance with listing rules. The extension is primarily related to the company’s ongoing challenges in submitting its Annual Report on Form 10-K for the fiscal year ending December 31, 2024, and the Quarterly Report on Form 10-Q for the first quarter of 2025. This development, announced on June 6, 2025, underscores the company's commitment to addressing compliance issues while continuing to serve its clients and partners.

The notification received from Nasdaq on June 4, 2025, indicated that B. Riley was not in compliance with Listing Rule 5250(c)(1), necessitating a timely submission of all required periodic financial reports to the Securities and Exchange Commission (SEC). Fortunately, Nasdaq extended a reprieve following a comprehensive review of the company’s submissions, thus providing B. Riley with an opportunity to rectify its reporting inconsistencies.

Importantly, this extension is set to expire on or before September 29, 2025, allowing B. Riley Financial to regain compliance after fulfilling all delinquent filing requirements. Despite these challenges, the company's securities will remain listed on Nasdaq without any immediate repercussions due to the extension.

The management of B. Riley Financial expressed regret over the delays in submitting key filings, attributing these setbacks to a myriad of significant events and transactions completed throughout 2024. They are dedicated to overcoming these hurdles and are working diligently to produce and submit the outstanding reports as soon as practically feasible. The company aims to return to a regular filing schedule by the fall of 2025, ensuring that its stakeholders and investors are adequately informed.

In an environment where compliance with regulatory standards is critical for all publicly traded companies, B. Riley's swift response to Nasdaq's notification highlights its proactive approach. B. Riley Financial offers a broad range of tailored solutions to meet its clients' diverse financial needs, including investment banking, private wealth management, and financial consulting services.

As B. Riley Financial works to stabilize its reporting practices, it remains focused on leveraging its cross-platform expertise to provide comprehensive, collaborative financial services at every stage of the business lifecycle. The company is committed to maintaining transparent relationships with its clientele, ensuring that it continues to meet their strategic, operational, and capital requirements.

Investors and industry observers will be closely monitoring B. Riley Financial's progress as it navigates these compliance requirements and strives to reassure stakeholders of its financial integrity and operational soundness. The outcomes of B. Riley's efforts will ultimately impact its market standing and the trust of its investors as the company moves forward from this compliance challenge.

Through its affiliated subsidiaries, B. Riley Financial endeavors to deliver end-to-end financial solutions, encompassing areas like corporate restructuring, risk and compliance, and investment management. This comprehensive service offering reflects the company's capacity to adapt and thrive, even amid operational challenges.

In conclusion, B. Riley Financial's recently granted extension by Nasdaq is a testament to its commitment to compliance and governance in the financial services landscape. As the company gears up to meet its filing obligations by the stipulated deadlines, it underscores the importance of regulatory adherence for maintaining market confidence and shareholder value.