B. Riley Financial granted deadline extension by Nomura to file audited 2023 financial results
Thursday, 28 March 2024, 22:50
B. Riley Financial Stock Soars with Deadline Extension
The financial services firm received an extension to file its audited results from lender Nomura. Shares of B. Riley Financial (NASDAQ: RILY) climbed 11.6% on Thursday after the financial services firm was granted an extension by lender Nomura to file its audited financial results.
Extension to Secure Audited Financials
- In an SEC filing, B. Riley secured an extension from Nomura until April 29, 2024.
- This extension aims to maintain good standing with lenders amidst delays.
Challenges and Responses
- Concerns rose over ties to fraud investigation and delayed financials.
- B. Riley reassured integrity of financial reporting despite internal review.
Investors expressed relief over the extension, signaling potential recovery for B. Riley amidst uncertainties.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.