Broadway Financial receives Nasdaq notice of non-compliance

Broadway Financial (BYFC) announced it received a letter from The Nasdaq Stock Market, dated May 28, 2025, informing the company that it no longer complies with Nasdaq Listing Rule 5250(c)(1) for continued listing on The Nasdaq Capital Market because its Quarterly Report on Form 10-Q for the quarter ended March 31, 2025 was not filed within the time period prescribed by the SEC rules. Nasdaq has provided the company 60 calendar days from May 28, 2025, to submit a plan to regain compliance with Rule 5250(c)(1). If Nasdaq accepts the company’s plan, then Nasdaq may grant the company up to 180 days from the prescribed due date, or until November 17, 2025, for filing the Form 10-Q to regain compliance. The company expects to file the Form 10-Q as promptly as reasonably practicable and prior to the 60-day deadline for submitting a compliance plan to Nasdaq.