B. Riley Financial Faces Nasdaq Delinquency Notification: What’s Next?

B. Riley Financial Faces Delinquency Notification from Nasdaq

B. Riley Financial, Inc. (Nasdaq: RILY) has recently made headlines after receiving an anticipated notification from Nasdaq regarding delinquency issues. Dated May 21, 2025, this letter serves as an indication that the company is not in compliance with the Nasdaq Listing Rule 5250(c)(1), primarily due to the late submission of its Quarterly Report, Form 10-Q, which pertains to the period ending on March 31, 2025.

According to the Nasdaq Listing Rule, it is essential for all listed companies to file periodic financial reports in a timely manner with the Securities and Exchange Commission (SEC). This notification, however, does not imply any immediate risks to the company's securities listing on Nasdaq. It is merely a procedural alert, and the company will have the opportunity to resolve the issue.

B. Riley Financial has been instructed by Nasdaq to devise a plan by June 2, 2025, regarding the delinquency in filing its 10-K report for the preceding fiscal year that ended on December 31, 2024. This report is what Nasdaq refers to as the Initial Delinquent Filing. If accepted, B. Riley may receive an extension of up to 180 calendar days to correct its filing violations, potentially extending the deadline to September 29, 2025.

As a response, B. Riley is committed to submitting an updated compliance plan to Nasdaq prior to the deadline. This indicates the company’s proactive approach in addressing and rectifying the reported delinquency.

About B. Riley Financial
B. Riley Financial is recognized as a diversified financial services entity that caters to a wide range of clients, providing tailored solutions that encompass strategic, operational, and capital requirements. With its cross-platform expertise, BRF is firmly positioned to offer collaborative solutions across all stages of the business life cycle. Through its various subsidiaries and partners, the company provides a spectrum of financial services, including investment banking, institutional brokerage, private wealth management, financial consulting, corporate restructuring, and operations management, among others.

Apart from financial services offerings, B. Riley also engages in strategic investments aimed at benefitting its shareholders. Some affiliates even have the capability to originate and underwrite senior secured loans for asset-rich enterprises, showcasing the company's versatile and expansive financial capabilities.

Forward-Looking Statements
It's important to consider that the information in this press release includes forward-looking statements based on management's current expectations. These projections may be subject to risks and uncertainties that could adversely affect the company's business operations, financial condition, and stock price – for better or worse. Therefore, stakeholders and investors are cautioned against placing undue reliance on these forward-looking statements, as actual results could diverge significantly from those anticipated due to various external factors.

B. Riley's overall financial health and performance should be evaluated based on comprehensive insights, including risk factors outlined in periodic SEC filings, such as the 2023 Annual Report on Form 10-K, which addresses risks, management discussions, and analyses related to financial conditions and operational results. Keeping abreast of these factors is essential for anyone invested in or considering investment in B. Riley Financial.

In light of the recent developments, all eyes will be on how B. Riley Financial navigates this situation and the strategies it implements to regain compliance with Nasdaq's listing standards. As the June 2 deadline approaches, updates from the company are expected to clarify its roadmap forward and reassure stakeholders of its commitment to regulatory compliance and operational integrity.