B. Riley receives Nasdaq notice over annual report delay

(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.