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B. Riley Seeks Nasdaq Hearing to Avoid Delisting
ByAinvest
Monday, Oct 6, 2025 5:34 pm ET1min read
B. Riley Financial Inc. plans to request a hearing to keep its Nasdaq listing after the exchange denied its request for more time to file overdue quarterly reports. The firm missed the September 29 deadline and is actively working to file the delayed reports. The hearing will automatically stay a suspension for at least 15 calendar days, with further extensions possible.
B. Riley Financial Inc. (Nasdaq: RILY) has announced that it received a Staff Determination Letter from the Nasdaq Listing Qualifications Staff, indicating non-compliance with Nasdaq Listing Rule 5250(c)(1) due to delayed Quarterly Reports on Form 10-Q for the periods ended March 31, 2025 and June 30, 2025 [1]. The company has filed its Form 10-K for the fiscal year ended December 31, 2024 but is still working to submit the delayed reports. The Nasdaq Staff Determination Letter does not immediately affect trading or delisting but allows the company to request a hearing before a Nasdaq Hearings Panel to stay the suspension of its securities for at least 15 calendar days [1].The hearing request will automatically extend the stay of trading suspension, pending the decision of the Hearings Panel. B. Riley Financial intends to submit a request for a hearing, including a request for continued listing of its securities, and will announce the outcome after the Hearings Panel makes a ruling. The company is actively working towards full compliance with the Listing Rules to ensure the continued listing of its securities on Nasdaq [1].
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