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Broadway Financial Faces Nasdaq Non-Compliance Notice

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Broadway Financial Faces Nasdaq Non-Compliance Notice

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Broadway Financial ( (BYFC) ) has shared an update.

On May 28, 2025, Broadway Financial Corporation received a notification from Nasdaq regarding its non-compliance with the Nasdaq Listing Rule 5250(c)(1) due to the late filing of its Quarterly Report on Form 10-Q for the quarter ended March 31, 2025. The delay is attributed to the need for additional time to determine the value of a Securities Purchase Option Agreement and to complete fair value measurements disclosure. Nasdaq has given the company 60 days from the notice date to submit a compliance plan, with a potential extension until November 17, 2025, if accepted. The notice does not immediately affect the trading of the company’s shares, but further delays could impact its listing status.

Spark’s Take on BYFC Stock

According to Spark, TipRanks’ AI Analyst, BYFC is a Neutral.

Broadway Financial’s overall stock score is moderate. The company shows stability in financial management with improved leverage, but faces challenges in profitability and valuation. Technical analysis does not indicate strong momentum, and while the board appointment is positive for governance, it does not significantly alter stock performance dynamics.

To see Spark’s full report on BYFC stock, click here.

More about Broadway Financial

Broadway Financial Corporation operates through its wholly-owned banking subsidiary, City First Bank, National Association, which is a community-oriented bank in Southern California and the Washington, D.C. market. The bank serves low-to-moderate income communities and offers residential and commercial real estate loan products, other loan products, and a variety of deposit products including checking, savings, money market accounts, certificates of deposits, and retirement accounts.

Average Trading Volume: 6,207

Technical Sentiment Signal: Strong Sell

Current Market Cap: $58.16M

Learn more about BYFC stock on TipRanks’ Stock Analysis page.

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