B. Riley Financial, Inc.: Regaining Compliance with Nasdaq Listing Rule 5250(c)(1)
On February 24, 2025, B. Riley Financial, Inc. (NASDAQ: RILY) announced that it has taken steps to regain compliance with Nasdaq Listing Rule 5250(c)(1). This rule requires companies listed on the Nasdaq stock exchange to file all required reports and forms with the Securities and Exchange Commission (SEC) within the prescribed time frames.
Background
B. Riley Financial, Inc. is a diversified financial services company that provides a range of services, including investment banking, asset management, and wealth management. The company operates through its subsidiaries, including B. Riley Securities, Great American Group, and B. Riley Wealth Management.
Filing of 10-Q for Quarter Ended September 30, 2024
On February 24, 2025, B. Riley Financial, Inc. announced that it had filed its Quarterly Report on Form 10-Q for the quarter ended September 30, 2024, with the SEC. This filing was made to bring the company back into compliance with Nasdaq Listing Rule 5250(c)(1), which requires companies to file their quarterly reports within 40 calendar days after the end of the fiscal quarter.
Impact on B. Riley Financial, Inc.
The timely filing of the 10-Q report is important for B. Riley Financial, Inc. as it allows the company to maintain its listing on the Nasdaq stock exchange. Failure to comply with Nasdaq Listing Rules can result in delisting, which can negatively impact a company’s reputation and access to capital.
Impact on Investors
For investors, the timely filing of financial reports is crucial as it provides important information about a company’s financial performance and health. This information can help investors make informed investment decisions and assess the potential risks and rewards of investing in a particular company.
Impact on the World
The timely filing of financial reports by publicly-traded companies is essential for maintaining the integrity of capital markets. It helps ensure that investors have access to accurate and timely information, which is necessary for efficient and fair markets. Additionally, it helps build trust and confidence in the financial system and the capital markets.
Conclusion
B. Riley Financial, Inc.’s timely filing of its Quarterly Report on Form 10-Q for the quarter ended September 30, 2024, is a positive step towards maintaining its listing on the Nasdaq stock exchange and ensuring transparency and accountability to its investors. This filing also reinforces the importance of timely financial reporting for publicly-traded companies and the role it plays in maintaining the integrity of capital markets.
- B. Riley Financial, Inc. files 10-Q report to regain compliance with Nasdaq Listing Rule 5250(c)(1)
- Company operates through subsidiaries including B. Riley Securities, Great American Group, and B. Riley Wealth Management
- Timely filing of financial reports important for maintaining listing on Nasdaq and investor confidence
- Impact on investors: access to important financial information
- Impact on the world: maintaining integrity of capital markets
