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B. Riley Financial to seek Nasdaq hearing, continued listing

B. Riley Financial (RILY) announced that the company received a staff determination letter from Nasdaq based on the company’s non-compliance with Nasdaq Listing Rule 5250, as previously notified by the staff. 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 and June 30, with the SEC. The company intends to timely submit a request for a hearing including continued listing of its securities pending the hearing and the hearings panel’s decision.

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