US EditionBroadway Financial Corporation Announces Notification from Nasdaq regarding late filing of Form 10-Q
- Broadway Financial Corporation, parent of City First Bank, received a Nasdaq letter on May 28, 2025, about a late Form 10-Q filing.
- Broadway Financial Corporation failed to meet the SEC's deadline for filing its quarterly report for the period ending March 31, 2025, which led Nasdaq to notify the company that it does not comply with the listing requirements related to timely disclosure on the Nasdaq Capital Market.
- Broadway filed Form 12b-25 on May 16, 2025, citing delay to value a Securities Purchase Option Agreement tied to its Series C Preferred Stock.
- Nasdaq gave 60 days from May 28, 2025, to submit a compliance plan, with possible extension up to 180 days if accepted, while shares keep trading.
- The Company anticipates submitting the Form 10-Q well before the 60-day deadline but cautions that any additional delays might impact the listing or trading of its stock.
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Broadway Financial Corporation Announces Notification from Nasdaq regarding late filing of Form 10-Q
LOS ANGELES, June 2, 2025 /PRNewswire/ -- Broadway Financial Corporation ("Broadway", "we", or the "Company") (NASDAQ: BYFC), parent company of City First Bank, National Association, announced today it received a letter from The Nasdaq Stock Market LLC ("Nasdaq"), dated May…
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