B. Riley Financial missed an extension deadline to file audited results and shares dropped 6%.
B. Riley Financial, under scrutiny for its dealings with a former business partner, missed an extension deadline to file its audited results. The company is still working with auditors to complete and file its annual report as soon as possible. Shares in the bank dropped 6% following the news, and concerns about its relationship with Brian Kahn, founder of Franchise Group, have increased pressure on the company.
March 15, 2024
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