B. Riley Financial Inc. filed SEC Form 8-K: Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
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| Item 3.01 | Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. |
As previously reported in a Current Report on Form 8-K filed on November 26, 2024, B. Riley Financial, Inc. (the “Company”) received a notice from the Nasdaq Stock Market LLC (“Nasdaq”) on November 20, 2024, which indicated that, as a result of the Company’s delay in filing its Quarterly Report on Form 10-Q for the period ended June 30, 2024 and its Quarterly Report on Form 10-Q for the period ended September 30, 2024 (the “Third Quarter 10-Q”), the Company was not in compliance with Nasdaq Listing Rule 5250(c)(1) (the “Rule”), which requires Nasdaq-listed companies to timely file all required periodic reports with the U.S. Securities and Exchange Commission (the “SEC”). As reported in its Third Quarter 10-Q filed with the SEC on February 21, 2024, the Company received a notice from Nasdaq on February 19, 2025, which indicated that the Company did not meet the terms of the exception granted to file the Third Quarter 10-Q by February 17, 2025 to regain compliance with the Rule. The February 19 notice indicated that, absent an appeal by the Company, trading in the Company’s securities would have been suspended on February 28, 2025.
On February 24, 2025, the Company received a notice from Nasdaq indicating that, based on the Company’s filing of the Third Quarter 10-Q, the Company is in compliance with the Rule and the matter is now closed.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| B. Riley Financial, Inc. | ||
| By: | /s/Phillip Ahn | |
| Name: | Phillip Ahn | |
| Title: | CFO & COO | |
Date: February 25, 2025