B. Riley Files Overdue Report in Step Toward Staying Listed (1)

B. Riley Financial Inc.said it filed its overdue second-quarter report with US regulators, bringing the firm closer to satisfying demands from Nasdaq that will keep the stock from being delisted. The shares gained more than 20% in extended trading.

The 10-Q report to the US Securities and Exchange Commission, which arrived ahead of a Dec. 23 Nasdaq deadline, showed B. Riley swinging to a profit during the quarter from a loss a year earlier, according to a statement from the Los Angeles-based company. The third-quarter report is still overdue, and Chairman Bryant Riley said his firm is “well positioned” ...