secwatch.observer — SEC 8-K summary
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Issuer:     BROADWAY FINANCIAL CORP \DE\ (BYFC)
CIK:        0001001171
Form:       8-K
Filed at:   2025-06-02T23:59:59+00:00
Accession:  0001140361-25-021114
Event type: regulatory
Sentiment:  negative
Materiality: 0.70
Item codes: 3.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Broadway Financial receives Nasdaq delisting notice for late Q1 10-Q filing
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- Nasdaq notified Broadway on May 28, 2025, for non-compliance with Listing Rule 5250(c)(1) due to late Form 10-Q.
- Company has 60 days to submit a compliance plan; if accepted, up to 180 days (until Nov 17, 2025) to file.
- Delay caused by valuation of Securities Purchase Option Agreement for Series C Preferred Stock under ECIP program.
- No immediate impact on trading; company expects to file Form 10-Q before the 60-day plan deadline.
- Independent auditor Crowe LLP requires additional time for review procedures on disclosure controls.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1001171/000114036125021114/0001140361-25-021114-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1001171/000114036125021114/ef20050067_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-25-021114

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