B. Riley Plans to Seek Nasdaq Hearing to Put Off Delisting

B. Riley Financial Inc. said it will ask for a hearing to keep its Nasdaq listing after the exchange turned away the firm’s request for more time to file its overdue quarterly reports.

Nasdaq told B. Riley it couldn’t grant a further exception beyond the Sept. 29 deadline that the firm missed, the Los Angeles-based financial services firm said in a statement Monday. The action won’t immediately result in the suspension of trading or delisting for at least several weeks, B. Riley said.

Requesting a hearing automatically stays a suspension for at least 15 calendar days, and hearings are typically ...