B. Riley Financial Announces Notification of Delinquency with Nasdaq
B. Riley Financial (NASDAQ: RILY) has received a delinquency notification from Nasdaq on April 3, 2025, for failing to comply with Listing Rule 5250(c)(1) due to delayed filing of its 2024 Full Year Report (Form 10-K).
The company must submit a compliance plan by June 2, 2025 (within 60 days). If accepted, Nasdaq may grant an extension until September 29, 2025 to regain compliance. While this notification does not immediately affect RILY's Nasdaq listing, the company has already released preliminary Q4 2024 financial results on March 3, 2025, and expects to file its Form 10-K before the plan submission deadline.
B. Riley Financial (NASDAQ: RILY) ha ricevuto una notifica di inadempienza da Nasdaq il 3 aprile 2025, per non aver rispettato la Regola di Quotazione 5250(c)(1) a causa del ritardo nella presentazione del suo Rapporto Annuale 2024 (Modulo 10-K).
L'azienda deve presentare un piano di conformità entro il 2 giugno 2025 (entro 60 giorni). Se accettato, il Nasdaq potrebbe concedere un'estensione fino al 29 settembre 2025 per ripristinare la conformità. Anche se questa notifica non influisce immediatamente sulla quotazione di RILY al Nasdaq, l'azienda ha già pubblicato i risultati finanziari preliminari del quarto trimestre 2024 il 3 marzo 2025 e prevede di presentare il suo Modulo 10-K prima della scadenza per la presentazione del piano.
B. Riley Financial (NASDAQ: RILY) ha recibido una notificación de incumplimiento de Nasdaq el 3 de abril de 2025, por no cumplir con la Regla de Cotización 5250(c)(1) debido al retraso en la presentación de su Informe Anual 2024 (Formulario 10-K).
La empresa debe presentar un plan de cumplimiento antes del 2 de junio de 2025 (dentro de 60 días). Si se acepta, Nasdaq podría otorgar una extensión hasta el 29 de septiembre de 2025 para recuperar el cumplimiento. Aunque esta notificación no afecta inmediatamente la cotización de RILY en Nasdaq, la empresa ya ha publicado resultados financieros preliminares del cuarto trimestre de 2024 el 3 de marzo de 2025 y espera presentar su Formulario 10-K antes de la fecha límite para la presentación del plan.
B. Riley Financial (NASDAQ: RILY)는 2025년 4월 3일 Nasdaq으로부터 2024년 연간 보고서(양식 10-K)의 제출 지연으로 인해 상장 규칙 5250(c)(1)를 준수하지 못했다는 불이행 통지를 받았습니다.
회사는 2025년 6월 2일까지(60일 이내) 준수 계획을 제출해야 합니다. 만약 수락된다면, Nasdaq은 준수를 회복하기 위해 2025년 9월 29일까지 연장을 허용할 수 있습니다. 이 통지는 RILY의 Nasdaq 상장에 즉각적인 영향을 미치지는 않지만, 회사는 이미 2025년 3월 3일에 2024년 4분기 재무 결과를 발표했으며, 계획 제출 마감일 전에 양식 10-K를 제출할 것으로 예상하고 있습니다.
B. Riley Financial (NASDAQ: RILY) a reçu une notification de non-conformité de la part de Nasdaq le 3 avril 2025, pour ne pas avoir respecté la Règle de Cotation 5250(c)(1) en raison du retard dans le dépôt de son Rapport Annuel 2024 (Formulaire 10-K).
L'entreprise doit soumettre un plan de conformité d'ici le 2 juin 2025 (dans les 60 jours). Si accepté, Nasdaq pourrait accorder une prolongation jusqu'au 29 septembre 2025 pour rétablir la conformité. Bien que cette notification n'affecte pas immédiatement la cotation de RILY sur Nasdaq, l'entreprise a déjà publié des résultats financiers préliminaires pour le quatrième trimestre 2024 le 3 mars 2025 et prévoit de déposer son Formulaire 10-K avant la date limite de soumission du plan.
B. Riley Financial (NASDAQ: RILY) erhielt am 3. April 2025 eine Mitteilung über einen Verstoß von Nasdaq, da das Unternehmen die Listing-Regel 5250(c)(1) aufgrund der verspäteten Einreichung seines Jahresberichts 2024 (Formular 10-K) nicht eingehalten hat.
Das Unternehmen muss bis zum 2. Juni 2025 (innerhalb von 60 Tagen) einen Compliance-Plan einreichen. Wenn dieser akzeptiert wird, könnte Nasdaq eine Verlängerung bis zum 29. September 2025 gewähren, um die Compliance wiederherzustellen. Obwohl diese Mitteilung die Nasdaq-Notierung von RILY nicht sofort beeinflusst, hat das Unternehmen bereits am 3. März 2025 vorläufige Finanzzahlen für das vierte Quartal 2024 veröffentlicht und plant, das Formular 10-K vor der Frist zur Einreichung des Plans einzureichen.
- Company has already released preliminary Q4 2024 financial results
- No immediate impact on Nasdaq listing status
- Company expects to file Form 10-K before compliance plan deadline
- Failure to timely file annual Form 10-K report indicates potential internal control or reporting issues
- Company currently non-compliant with Nasdaq listing requirements
The Nasdaq Listing Rule requires listed companies to timely file all required periodic financial reports with the Securities and Exchange Commission (the "SEC"). This notification has no immediate effect on the listing of the Company's securities on Nasdaq.
Nasdaq has informed the Company that it must submit a plan within 60 calendar days (or June 2, 2025) 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 filing's due date, or until September 29, 2025, to regain compliance.
B. Riley previously released preliminary estimates of financial results for the three-month period ending December 31, 2024 on March 3, 2025. The Company expects to file its 2024 Form 10-K in advance of the Nasdaq deadline to submit a plan.
About B. Riley Financial
B. Riley Financial (BRF) is a diversified financial services company that delivers tailored solutions to meet the strategic, operational, and capital needs of its clients and partners. BRF leverages cross-platform expertise to provide clients with full service, collaborative solutions at every stage of the business life cycle. Through its subsidiaries and affiliated entities, BRF 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. BRF opportunistically invests to benefit its shareholders, and certain affiliates originate and underwrite senior secured loans for asset-rich companies. BRF refers to B. Riley Financial, Inc. and/or one or more of its subsidiaries or affiliates. For more information, please visit www.brileyfin.com.
Forward-Looking Statements
Statements made in this press release that are not descriptions of historical facts are forward-looking statements that are based on management's current expectations and assumptions and are subject to risks and uncertainties. If such risks or uncertainties materialize or such assumptions prove incorrect, our business, operating results, financial condition, and stock price could be materially negatively affected. You should not place undue reliance on such forward-looking statements, which are based on the information currently available to us and speak only as of today's date. All statements other than statements of historical fact are forward-looking statements. These forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the Company's performance or achievements to be materially different from any expected future results, performance, or achievements. Forward-looking statements speak only as of the date they are made and the Company assumes no duty to update forward-looking statements, except as required by law. Actual future results, performance or achievements may differ materially from historical results or those anticipated depending on a variety of factors, some of which are beyond the control of the Company, including, but not limited to, the risks described from time to time in the Company's periodic filings with the SEC, including, without limitation, the risks described in the Company's 2023 Annual Report on Form 10-K and in B. Riley Financial's Quarterly Reports on Form 10-Q for the period ended September 30, 2024 under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" (as applicable). These factors should be considered carefully, and readers are cautioned not to place undue reliance on such forward-looking statements. All information is current as of the date this press release is issued, and the Company undertakes no duty to update this information.
Contacts
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SOURCE B. Riley Financial
FAQ
What is the deadline for B. Riley Financial (RILY) to submit its compliance plan to Nasdaq?
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