B. Riley Financial Faces Nasdaq Compliance Crisis

B. Riley Financial finds itself navigating turbulent regulatory waters as the company confronts a potential delisting threat from the Nasdaq exchange. The financial services provider received a formal notification from Nasdaq’s regulatory staff citing violations of listing requirements, primarily concerning delayed financial filings with the SEC.

The core issue centers on B. Riley’s failure to meet crucial filing deadlines. The company missed the September 29 deadline for submitting its 2024 annual report alongside first and second quarter 2025 financial statements. This regulatory breach triggered Nasdaq’s “Staff Determination Letter,” which questions the company’s continued listing eligibility.

Despite announcing plans to appeal the decision and present a compliance restoration strategy before a Nasdaq hearings panel, market participants responded with significant concern. Trading... Read more...