Broadway Financial Faces Nasdaq Compliance Hurdle

Broadway Financial (BYFC) has provided an announcement.

Broadway Financial Corporation, listed on the Nasdaq Capital Market, was notified on May 22, 2024, of non-compliance with Nasdaq’s financial reporting requirements after failing to file its quarterly report in time. The company has 60 days to submit a compliance plan, which could lead to an extension of up to 180 days to rectify the issue. The company has since filed the overdue report and publicly announced the receipt of the notification as per Nasdaq’s rules.

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