Broadway Financial Receives Letter From Nasdaq That It No Longer Complies With Listing Rule Regarding Late Filing Of Form 10-Q
Portfolio Pulse from Benzinga Newsdesk
Broadway Financial received a letter from Nasdaq indicating non-compliance with listing rules due to a late filing of Form 10-Q. The company must submit a compliance plan within 60 days. On May 24, 2024, Broadway Financial filed the Form 10-Q for the period ended March 31, 2024.
May 29, 2024 | 9:18 pm
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Broadway Financial received a non-compliance notice from Nasdaq for late filing of Form 10-Q. The company must submit a compliance plan within 60 days. The filing was completed on May 24, 2024.
The non-compliance notice from Nasdaq is a negative regulatory event that could impact investor confidence and the stock price of Broadway Financial in the short term. However, the company has already filed the required Form 10-Q, which may mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100