Company: RILYN
Filing Date: 2025-05-28
Form Type: 8-K
Source: 0001213900-25-048338
Chunk: 2

Company: B. Riley Financial, Inc.
Filing Date: 2025-05-28
Form: 8-K
Item: Item 2.03
Chunk 2
---
Item 2.03

Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information set forth under Item 1.01 of this Current Report on Form
8-K is incorporated by reference into this Item 2.03.

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued
Listing Rule or Standard; Transfer of Listing

On May 21, 2025, the Company
received a notice (the “ Notice”) from the Nasdaq Stock Market LLC (“ Nasdaq”), which indicated that,
as a result of the Company’s delay in filing its Annual Report on Form 10-K for the period ended December 31, 2024 and its Quarterly
Report on Form 10-Q for the period ended March 30, 2025, the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1) (the “ Rule”),
which requires Nasdaq-listed companies to timely file all required periodic financial reports with the U. S. Securities and Exchange Commission
(the “ SEC”). The Notice states that the Company has until June 2, 2025, to submit to Nasdaq a plan to regain compliance
with the Rule. The Notice also indicates that any Nasdaq staff exception to allow the Company to regain compliance, if granted, will
be limited to September 29, 2025. The Notice has no immediate effect on the listing of the Company’s securities on Nasdaq.

The Company continues to work
diligently to complete its Annual Report and Quarterly Report and intends to file them as promptly as possible to regain compliance with
the Rule.

   1  

Item 3.02 Unregistered Sales of Equity Securities.