B. Riley Financial Faces Listing Rule Concerns
Ticker: RILYT · Form: 8-K · Filed: Oct 6, 2025 · CIK: 1464790
| Field | Detail |
|---|---|
| Company | B. Riley Financial, Inc. (RILYT) |
| Form Type | 8-K |
| Filed Date | Oct 6, 2025 |
| Risk Level | high |
| Pages | 4 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | bearish |
Sentiment: bearish
Topics: listing-rule-violation, delisting-risk, regulatory-filing
Related Tickers: RILY
TL;DR
RILY might get delisted - big trouble ahead.
AI Summary
B. Riley Financial, Inc. filed an 8-K on October 6, 2025, to report a notice of delisting or failure to satisfy a continued listing rule. The filing indicates potential issues with meeting listing standards, which could impact the company's stock trading status.
Why It Matters
This filing suggests B. Riley Financial may be at risk of being delisted from its stock exchange, which could significantly affect its stock price and investor confidence.
Risk Assessment
Risk Level: high — The company is filing a notice regarding potential failure to meet continued listing rules, which is a serious concern for its stock market status.
Key Players & Entities
- B. Riley Financial, Inc. (company) — Filer of the 8-K
- 0001213900-25-096621 (filing_id) — Accession number for the filing
- 20251006 (date) — Filing date
- 20251001 (date) — Period of report
FAQ
What specific listing rule or standard has B. Riley Financial, Inc. failed to satisfy?
The filing does not specify the exact rule or standard that has not been satisfied, only that a notice is being provided regarding potential failure to meet a continued listing rule.
What is the potential consequence of failing to satisfy a continued listing rule?
The consequence is a potential delisting or transfer of listing, which could impact the trading of the company's securities.
When was this notice of potential delisting filed?
The notice was filed on October 6, 2025.
What is the period of report for this filing?
The period of report is October 1, 2025.
Does the filing indicate if the company has taken any steps to regain compliance?
The provided text does not detail any specific steps taken by B. Riley Financial, Inc. to regain compliance with listing rules.
Filing Stats: 1,079 words · 4 min read · ~4 pages · Grade level 11.7 · Accepted 2025-10-06 17:11:34
Key Financial Figures
- $0.0001 — ch registered Common Stock, par value $0.0001 per share RILY Nasdaq Global Market
Filing Documents
- ea0260436-8k_briley.htm (8-K) — 47KB
- ea026043601ex99-1_briley.htm (EX-99.1) — 11KB
- ex99-1_001.jpg (GRAPHIC) — 11KB
- 0001213900-25-096621.txt ( ) — 320KB
- rily-20251001.xsd (EX-101.SCH) — 5KB
- rily-20251001_def.xml (EX-101.DEF) — 29KB
- rily-20251001_lab.xml (EX-101.LAB) — 40KB
- rily-20251001_pre.xml (EX-101.PRE) — 27KB
- ea0260436-8k_briley_htm.xml (XML) — 13KB
01 Notice of Delisting or Failure to Satisfy a Continued
Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard On October 1, 2025, B. Riley Financial, Inc. (the "Company") received a Staff Determination Letter from the Nasdaq Listing Qualifications Staff (the "Staff") based on the Company's non-compliance with Nasdaq Listing Rule 5250(c)(1) (the "Filing Rule"), as previously notified by the Staff on April 3, 2025, May 21, 2025 and August 20, 2025. The basis for the Staff Determination Letter is that the Company has not yet filed its Quarterly Reports on Form 10-Q for the periods ended March 31, 2025 and June 30, 2025 (the "Delayed Reports"), with the Securities and Exchange Commission (the "SEC"). The Company filed its Form 10-K for the fiscal year ended December 31, 2024 (the "2024 Form 10-K") on September 19, 2025 and is actively working towards the filing of the Delayed Reports to ensure full compliance with the Listing Rules. The Staff Determination Letter noted that, after the Staff's review of the materials submitted by the Company on September 4, 2025 and September 19, 2025 (the "Updated Plan of Compliance"), it lacked the discretion within Nasdaq's rules to grant the Company a further exception beyond the September 29, 2025 deadline that was previously granted to regain compliance with the Filing Rule. The Staff Determination Letter has no immediate effect and will not immediately result in the suspension of trading or delisting of the Company's securities. The Staff Determination Letter notified the Company that it may request a hearing before a Nasdaq Hearings Panel ("Hearings Panel"), pursuant to the procedures set forth in the Nasdaq Listing Rule 5800 Series. A request for a hearing regarding one or more delinquent filings will automatically stay the suspension of the Company's securities for a period of at least 15 calendar days from the date of the hearing request. By Nasdaq rule, when a company requests a hearing for one or more late SEC periodic public filings, it mu
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure. On October 6, 2025, the Company issued a press release related to the information described in Item 3.01 above. A copy of the press release is furnished as Exhibit 99.1 to this report. The information furnished pursuant to this Item 7.01 (including Exhibit 99.1 hereto), 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 that section, nor shall it be deemed incorporated by reference into any filing under the Exchange Act or the Securities Act of 1933, as amended, except as expressly set forth by specific reference in such a filing.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99.1 Press Release dated October 6, 2025 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 1
SIGNATURES
SIGNATURES 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. B. Riley Financial, Inc. By: /s/ Scott Yessner Name: Scott Yessner Title: Executive Vice President and Chief Financial Officer Date: October 6, 2025 2