B. Riley Financial receives expected delinquency notification from Nasdaq
B. Riley Financial (RILY) received an expected delinquency notification letter from Nasdaq on May 21 which indicated that the company was not in compliance with Nasdaq Listing Rules as a result of the delayed filing of the company's Quarterly Report on Form 10-Q for the period ended March 31, 2025. This notification has no immediate effect on the listing of the Company's securities on Nasdaq. The company must submit a plan by June 2, 60 days from the Nasdaq letter received on April 3 in connection with the delinquency of the company's filing of its form 10-K for the period ended December 31, 2024, 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.
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The Motley Fool recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy. Bitcoin Hedge Theory Meets a Harsh Boardroom Reality was originally published by The Motley Fool Sign in to access your portfolio
