NASDAQ — Financial Services: Services, Financial Conglomerates: Services-Business Services Nec
www.brileyfin.comB. Riley Financial, Inc. faces a final compliance deadline set by Nasdaq for September 29, 2025, to regain compliance with Listing Rule 5250(c)(1). This situation arises after the company failed to timely file its Annual Report for the year ending December 31, 2024, and its Quarterly Report for the period ending March 30, 2025. Although no immediate effect on the listing of the company's securities has occurred, the upcoming compliance deadline is critical for the company to maintain its listing status. The company is actively working to resolve these filing issues by the set deadline.
Nasdaq Compliance Exception DeadlineB. Riley Financial, Inc. is set to file its quarterly report for Q3 2025 on September 30, 2025. The report follows the firm's recent update on a significant private exchange transaction completed on May 21, 2025, wherein it exchanged various senior notes for newly issued senior secured second lien notes worth approximately $93.1 million. This move, which included the issuance of warrants to purchase common stock, is part of the company’s strategy to strengthen its capital structure amidst compliance issues with Nasdaq regulations regarding timely financial report filings. The upcoming quarterly report will be crucial for investors seeking to assess B. Riley's financial health and operational results amid these developments.
Report FilingB. Riley Financial, Inc. will make an interest payment on its newly-issued 8.00% Senior Secured Second Lien Notes, which were recently exchanged in a private transaction with an institutional investor. The payment is scheduled for October 31, 2025, and will occur semi-annually thereafter until maturity in January 2028. This exchange involved approximately $139 million in aggregate principal amount of various senior notes being cancelled in favor of the new notes, indicating a strategic restructuring of the company's debt obligations that could impact its financial stability and future financing capacity.
Interest PaymentB. Riley Financial, Inc. has filed its Annual Report for FY 2025 on March 31, 2026. The company is in the process of regaining compliance with Nasdaq Listing Rule 5250(c)(1) after a delay in filing its financial reports. Additionally, in a separate transaction on May 21, 2025, it exchanged approximately $29.5 million and $75.0 million in Senior Notes for newly-issued 8.00% Senior Secured Second Lien Notes due 2028, which amounts to a material shift in its debt structure. The company is continuing to work on fulfilling its filing obligations promptly.
Report FilingB. Riley Financial, Inc. announced the maturity date of its new 8.00% Senior Secured Second Lien Notes, slated for January 1, 2028. These notes were part of a private exchange transaction where approximately $87.7 million in new debt was issued in exchange for about $123 million in previously owned notes. The new debt is secured on a second lien basis and has a semi-annual interest payment structure starting October 31, 2025. The strategic aim is to provide improved capital structure while adhering to specific covenants, including restrictions on additional borrowing and asset disposition.
Debt Maturity