(Reuters) – B. Riley Financial said on Friday it had received a delinquency notification letter from the Nasdaq following a delay in the filing of its annual report.
While the notice has no immediate effect on B. Riley’s listing, the Nasdaq has informed the company that it must submit a plan by June 2 to address how it intends to regain compliance with listing rules.
The company’s annual report was due on March 17.
Reuters reported in March that B. Riley co-CEO Bryant Riley has dropped plans to take the investment bank private.
(Reporting by Prakhar Srivastava in Bengaluru; Editing by Maju Samuel)
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