B. Riley Financial(RILY) Prnewswire·2024-11-26 22:15Nasdaq Compliance and Filing Delays - The company received an additional delinquency notification from Nasdaq on November 20, 2024, due to the delayed filing of its Quarterly Reports on Form 10-Q for the periods ended June 30, 2024, and September 30, 2024 [1] - Nasdaq requires listed companies to timely file all required periodic financial reports with the SEC, and this notification has no immediate effect on the company's securities listing [1] - The company must submit an updated plan to regain compliance by December 5, 2024, and if accepted, Nasdaq can grant an exception of up to 180 calendar days from the due date of the initial delinquent filing, or until February 17, 2025 [2] - The delays in quarterly filings were impacted by significant events and transactions completed in 2024, and the company expects to return to a normal filing cadence in 2025 [3] Company Overview - B Riley Financial is a diversified financial services company that provides tailored solutions to meet the strategic, operational, and capital needs of its clients and partners [4] - The company leverages cross-platform expertise to offer full-service, collaborative solutions across various stages of the business life cycle, including investment banking, institutional brokerage, private wealth and investment management, financial consulting, corporate restructuring, and more [4] - B Riley opportunistically invests to benefit its shareholders, and certain affiliates originate and underwrite senior secured loans for asset-rich companies [4]