BROADWAY FINANCIAL CORP \DE\ (BYFC): Nasdaq/NYSE listing notice — Broadway Financial receives Nasdaq notice for late Q3 10-Q filing; bid price compliance regained

BROADWAY FINANCIAL CORP \DE\

Nasdaq notified Broadway Financial on Nov 16, 2023 of non-compliance with Rule 5250(c)(1) for delayed filing of Q3 2023 Form 10-Q.
Company has 60 days to submit a compliance plan; Nasdaq may grant up to 180-day extension from the original 10-Q due date.
Delay due to ongoing evaluation of effectiveness of disclosure controls and procedures by CEO and CFO.
On Nov 15, 2023, Nasdaq confirmed company regained compliance with minimum $1.00 bid price requirement, closing prior notice.
No immediate impact on Nasdaq Capital Market listing; company intends to file Form 10-Q as soon as reasonably practical.

item 3.01 item 8.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.95

BROADWAY FINANCIAL CORP \DE\ received a nasdaq deficiency notice notice regarding late filing (rules 5250(c)(1)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: late filing
Rules: 5250(c)(1)

Exact text from the filing

November 16, 2023, Broadway Financial Corporation (the “Company”) received written notice (the “Notification Letter”) from The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that it is not in compliance with the periodic financial reporting requirements set forth in Nasdaq Listing Rule 5250(c)(1) (“Rule 5250(c)(1)”) for continued listing on The Nasdaq Capital Market because its Quarterly Report on Form 10-Q for the quarter ended September 30, 2023 (the “Form 10-Q”) was not filed within the time period prescribed by Securities and Exchange Commission rules. As previously reported o

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Source: SEC EDGAR

accession 0001140361-23-054390

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