Company: RILYN
Filing Date: 2025-03-18
Form Type: NT 10-K
Source: 0001013762-25-000631
Chunk: 1

Company: B. Riley Financial, Inc.
Filing Date: 2025-03-18
Form: NT 10-K
Chunk 1
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 12b-25(c) has been attached if applicable.                                                    |

<div align='center'>PART III – NARRATIVE</div>

B. Riley Financial, Inc. (the “Company”)
was unable, without unreasonable effort or expense, to file its Annual Report on Form 10-K for the year ended December 31, 2024 (the “Annual
Report”) by March 17, 2025, the required filing date, due to a delay in finalizing the Company’s financial statements. This
delay resulted from the dedication of time and resources expended to (1) complete the filing of the quarterly reports for the second and
third quarters of 2024 with the most recent quarterly report filed on February 21, 2025, (2) complete the presentation of 2022 and 2023
results of operations impacted by discontinued operations, and (3) finalize the analysis of impairment charges for goodwill and intangible
assets and provision for income taxes. The Company is working diligently to finalize its financial statements for the year ended December
31, 2024 and file the Annual Report as promptly as practical.

<div align='center'>2

PART IV

OTHER INFORMATION</div>

| (1) | Name and telephone number                           
 of person to contact in regard to this notification |

| Phillip 
 J. Ahn  |     |       -310 |     | 966-1444          |
| (Name)  |     | -Area Code |     | -Telephone Number |

| (2) | Have all other periodic                                                                                                            
 reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of   
 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed? 
 If the answer is no, identify report(s).                                                                                           |

☒ Yes ☐ No

| (3) | Is it anticipated that                                                                                                                   
 any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings 
 statements to be included in the subject report or portion thereof?                                                                      |

☒ Yes ☐ No

If so, attach an explanation of the anticipated change, both narratively
and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made.

As previously furnished in our Form 8-K dated March 3,