Broadway Financial Corp. Faces Delisting Notice

TL;DR

Broadway Financial Corp. got a delisting notice, might be moving exchanges.

AI Summary

Broadway Financial Corporation (DE) filed an 8-K on August 21, 2025, to report a notice of delisting or failure to satisfy a continued listing rule or standard, and a transfer of listing. The filing also includes Regulation FD disclosures and financial statements and exhibits. The company is incorporated in Delaware and its principal executive offices are located in Los Angeles, California.

Why It Matters

This filing indicates potential issues with Broadway Financial Corp.'s continued listing on an exchange, which could impact its stock trading and investor confidence.

Risk Assessment

Risk Level: high — A notice of delisting or failure to meet listing standards suggests significant financial or operational challenges that could severely impact the company's stock.

Key Players & Entities

• Broadway Financial Corp (company) — Registrant
• Delaware (jurisdiction) — State of incorporation
• Los Angeles, CA (location) — Principal executive offices
• August 21, 2025 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $0.01 — stered Class A Common Stock, par value $0.01 per share (including attached preferred

Filing Documents

• ef20054377_8k.htm (8-K) — 31KB
• ef20054377_ex99-1.htm (EX-99.1) — 9KB
• 0001140361-25-032367.txt ( ) — 169KB
• byfc-20250821.xsd (EX-101.SCH) — 4KB
• byfc-20250821_lab.xml (EX-101.LAB) — 21KB
• byfc-20250821_pre.xml (EX-101.PRE) — 16KB
• ef20054377_8k_htm.xml (XML) — 4KB

01

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard Transfer of Listing On August 21, 2025, Broadway Financial Corporation (the "Company") received written notice (the "Notice") from The Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that it is not in compliance with the periodic financial reporting requirements set forth in Nasdaq Listing Rule 5250(c)(1) ("Rule 5250(c)(1)") for continued listing on The Nasdaq Capital Market because its Quarterly Report on Form 10-Q for the quarter ended June 30, 2025 (the "Form 10-Q") was not filed within the time period prescribed by the Securities and Exchange Commission rules. The Notice has no immediate effect on the listing or trading of the Company's common stock on The Nasdaq Capital Market, and the Company currently expects to regain compliance in the near future. As previously reported, the Company was unable to timely complete and file the Form 10-Q because it requires additional time to evaluate its participation agreements for compliance with Accounting Standards Codification Topic 860 and the impact to the consolidated financial statements. As a result of this delay, the Company requires additional time to fully complete its review of the financial statements for the quarter ended June 30, 2025 for adequate disclosure of the information required to be included in the Form 10-Q. The Notice states that the Company has 60 calendar days from August 21, 2025, to submit to Nasdaq a plan to regain compliance with Rule 5250(c)(1). The Company intends to submit a plan to regain compliance within the 60-day period. If Nasdaq accepts the Company's plan, then Nasdaq may grant the Company up to 180 days from the prescribed due date, or until February 16, 2026, for filing the Form 10-Q to regain compliance. If Nasdaq does not accept the Company's plan, then the Company will have the opportunity to appeal that decision to a Nasdaq Hearings Panel. The Company plans to file the Form

01

Item 7.01 Regulation FD Disclosure. On August 22, 2025, the Company issued a press release regarding its receipt of the Notice. A copy of the press release is attached hereto as Exhibit 99.1. The information set forth in this Item 7.01 and Exhibit 99.1, is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of such section. The information in this Item 7.01 and Exhibit 99.1, shall not be incorporated by reference into any filing under the Securities Act of 1933, as amended (the "Securities Act"), or the Exchange Act, except as expressly set forth by specific reference in such a filing to this Current Report. Cautionary Statement Regarding Forward-Looking Information This report includes "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995, including statements regarding the Company's beliefs and expectations relating to the submission of its plan to regain compliance with Rule 5250(c)(1) and the filing of the Form 10-Q. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual outcomes to differ materially from the outcomes expressed or implied by this report. Such risks include, among others, Nasdaq rejecting the Company's plan to regain compliance or a material delay in the Company's financial reporting. All such factors are difficult to predict and may be beyond the Company's control. The Company undertakes no obligation and does not intend to update or revise any forward-looking statements contained herein, except as required by law or regulation. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this report.

Financial Statements and Exhibits

Financial Statements and Exhibits (d) Exhibits. 99.1 Press Release, dated August 22, 2025. 104 The cover page from this Current Report on Form 8-K, formatted in Inline XBRL. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: August 22, 2025 BROADWAY FINANCIAL CORPORATION By: /s/ Zack Ibrahim Name: Zack Ibrahim Title: Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR