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Broadway Financial Corporation Announces Notification from Nasdaq Regarding Late Filing of Form 10-Q
Broadway Financial Corporation ("Broadway", "we", or the "Company") (NASDAQ: BYFC), parent company of City First Bank, National Association, announced today it received a letter from The Nasdaq Stock Market LLC ("Nasdaq"), dated November 20, 2025, informing the Company that it is not in compliance with Nasdaq Listing Rule 5250(c)(1) ("Rule 5250(c)(1)") for continued listing on The Nasdaq Capital Market because its Quarterly Report on Form 10-Q for the quarter ended September 30, 2025 (the "Q3 Fo
About this update from Broadway Financial Corporation
[{"type":"text","content":"LOS ANGELES, Nov. 25, 2025 /PRNewswire/ -- Broadway Financial Corporation ("Broadway", "we", or the "Company") (NASDAQ: BYFC), parent company of City First Bank, National Association, announced today it received a letter from The Nasdaq Stock Market LLC ("Nasdaq"), dated November 20, 2025, informing the Company that it is not in compliance with Nasdaq Listing Rule 5250(c)(1) ("Rule 5250(c)(1)") for continued listing on The Nasdaq Capital Market because its Quarterly Report on Form 10-Q for the quarter ended September 30, 2025 (the "Q3 Form 10-Q") was not filed within the time period prescribed by the Securities and Exchange Commission ("SEC") rules.","length":727,"tagName":"p"},{"type":"image","alt":"Broadway Financial Corporation (PRNewsfoto/Broadway Financial Corporation)","displaySize":"","headline":null,"caption":"Broadway Financial Corporation (PRNewsfoto/Broadway Financial Corporation)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":116,"url":"https://media.zenfs.com/en/prnewswire.com/9a1119457208240228f5f27235916a6b"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/k4Ge8aPz.5tivAN2gvL6PQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTIwNDtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/9a1119457208240228f5f27235916a6b","width":400,"height":116}},"href":"https://mma.prnewswire.com/media/2701198/Broadway_Financial_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Nasdaq's notice has no immediate effect on the listing or trading of the Company's shares on The Nasdaq Capital Market, although there can be no assurances that further delays in the filing of the Q3 Form 10-Q or the Company's other SEC reports will not have an impact on the listing or trading of the Company's common stock.","length":341,"tagName":"p"},{"type":"text","content":"As previously disclosed on the Company's Form 12b-25 filed with the SEC on November 14, 2025, the Company was unable to complete and timely file the Q3 Form 10-Q due to the evaluation of its sold loan participation accounting in accordance with Accounting Standards Codification Topic 860 and its impact to the consolidated financial statements. As a result of this delay, the Company requires additional time to fully complete its review of the fin...