Broadway Financial Corp DE

Broadway Financial Corporation (the “Company,” the “Registrant,” “our” or “we”) is unable to file, without unreasonable effort and expense, our Quarterly Report on Form 10-Q for the quarter ended September 30, 2025 (the “Form 10-Q”) within the time period prescribed. The Company is experiencing delays due to the evaluation of its sold loan participation accounting in accordance with Accounting Standards Codification Topic 860 (“ASC 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 financial statements for the quarter ended September 30, 2025 for adequate disclosure of the information required to be included in the Form 10-Q

Broadway Financial Corporation (the “Company,” the “Registrant,” “our” or “we”) is unable to file, without unreasonable effort and expense, our Quarterly Report on Form 10-Q for the quarter ended June 30, 2025 (the “Form 10-Q”) within the time period prescribed. While the Company has substantially completed the preparation of the Form 10-Q, it requires additional time to evaluate its participation agreements for compliance with Accounting Standards Codification Topic 860 (“ASC 860”) and the impact to the consolidated financial statements. As a result of this delay, the Company requires additional time to fully complete its review of the financial statements for the quarter ended June 30, 2025 for adequate disclosure of the information required to be included in the Form 10-Q

Broadway Financial Corporation (the “Company,” the “Registrant,” “our” or “we”) is unable to file, without unreasonable effort and expense, our Quarterly Report on Form 10-Q for the quarter ended March 31, 2025 (the “Form 10-Q”) within the time period prescribed. While the Company has substantially completed the preparation of the Form 10-Q, it requires additional time to determine the value of a recently executed Securities Purchase Option Agreement (the “Option Agreement”) with respect to its Series C Preferred Stock issued to the U.S. Treasury under the Emergency Capital Investment Program. In the Option Agreement, the U.S. Treasury grants the Registrant the right repurchase the Series C Preferred Stock during the first 15 years following its issuance. The purchase price of the Series C Preferred Stock under the Option Agreement is based on a formula and could represent a discount from its liquidation amount if the Registrant meets the criteria set forth in the Option Agreement. As a result of this delay, the Company requires additional time to fully complete its review of the financial statements for the quarter ended March 31, 2025 for adequate disclosure of the information required to be included in the Form 10-Q. The Registrant expects to complete its valuation of the Option Agreement and intends to file the Form 10-Q on or before the fifth calendar day following the prescribed due date

Broadway Financial Corporation (the “Company,” the “Registrant,” “our” or “we”) is unable to file, without unreasonable effort and expense, our Quarterly Report on Form 10-Q for the quarter ended March 31, 2024 (the “Form 10-Q”) within the time period prescribed. While the Company has substantially completed the preparation of the 10-Q, the Company is experiencing delays driven by the material weakness previously disclosed on November 15, 2023 in preparing the Quarterly Report on Form 10-Q for the quarter ended September 30, 2023 and the Annual Report on Form 10-K for the fiscal year ended December 31, 2023. As a result of these delays, the Company requires additional time to fully complete its review of the financial statements for the quarter ended March 31, 2024 for adequate disclosure of the information required to be included in the Form 10-Q. We expect to finalize our review of and to file the Form 10-Q on or before the fifth calendar day following the prescribed due date

Broadway Financial Corporation (the “Company,” the “Registrant,” “our” or “we”) is unable to file, without unreasonable effort and expense, our Annual Report on Form 10-K for the year ended December 31, 2023 (the “2023 Form 10-K”) because the Registrant’s principal executive officer and principal financial officer need additional time to complete their evaluation of the effectiveness of the Registrant’s disclosure controls and procedures. As disclosed on November 15, 2023, we previously determined that a deficiency exists within our internal control over financial reporting ; while our evaluation is still ongoing, we believe that this deficiency will likely result in a material weakness. We intend to file the 2023 Form 10-K following the Quarterly Report on Form 10-Q for the quarter ended September 30, 2023 (the “Q3 2023 Form 10-Q”) on or before the May 13, 2024 deadline granted by the Nasdaq Stock Market LLC and to provide further information on the ongoing evaluation of our control environment as soon as reasonably practical

Broadway Financial Corporation (the “Registrant,” “our” or “we”) is unable to file, without unreasonable effort and expense, our Quarterly Report on Form 10-Q for the quarter ended September 30, 2023 (the “Form 10-Q”) because the Registrant’s principal executive officer and principal financial officer need additional time to complete their evaluation of the effectiveness of the Registrant’s disclosure controls and procedures. In the course of preparing the Form 10-Q, we determined that a deficiency in our internal control over financial reporting existed as of September 30, 2023, which likely represents a material weakness. We intend to file the Form 10-Q and provide further information on our control environment as soon as reasonably practical. Forward-Looking Statements This filing contains a number of forward-looking statements. Words such as “expect,” “intend,” “will” and similar future or conditional expressions are intended to identify forward-looking statements. These forward-looking statements include, but are not limited to, statements regarding our beliefs and expectations relating to the filing of the Form 10-Q and the completion of the ongoing evaluation of our disclosure controls and procedures. These forward-looking statements are not guarantees of future events or results and are subject to a number of risks and uncertainties, many of which are difficult to predict and beyond our control. Important factors that may cause actual results to differ materially from those in the forward-looking statements include, but are not limited to, a material delay in the Registrant’s financial reporting, including the possibility that the ongoing evaluation may identify material weaknesses or other control deficiencies, misstatements, or errors in the Registrant’s accounting practices. We disclaim and do not undertake any obligation to update or revise any forward-looking statement herein, except as required by applicable law or regulation

Broadway Financial Corporation (the “Registrant”) was unable to file, without unreasonable effort and expense, its Quarterly Report on Form 10-Q for the three months ended March 31, 2023, because of delays in obtaining the information necessary to complete the new disclosure requirements for the quarter associated with the allowance for credit losses and the adoption of Accounting Standards Codification Topic 326 – Financial Instruments—Credit Losses. We have now obtained the information necessary to allow for the completion of the disclosures and will be filing the Form 10-Q concurrently with this Form 12b-25. Forward-Looking Statements This filing contains a number of forward-looking statements. Words such as “will” and variations of such words and similar future or conditional expressions are intended to identify forward-looking statements. These forward-looking statements include, but are not limited to, statements regarding our beliefs and expectations relating to the filing of Form 10-Q for first quarter of 2023 and the results of the ongoing review. These forward-looking statements are not guarantees of future events or results and are subject to a number of risks and uncertainties, many of which are difficult to predict and beyond our control. Important factors that may cause actual results to differ materially from those in the forward-looking statements include, but are not limited to, a material delay in the Registrant’s financial reporting, including the possibility that the Registrant will not be able to file Form 10-Q for the first quarter of 2023 within the five-day extension period permitted by the rules of the U.S. Securities and Exchange Commission. We disclaim and do not undertake any obligation to update or revise any forward-looking statement herein, except as required by applicable law or regulation

Broadway Financial Corporation (the “Registrant” or “we”) is unable to file, without unreasonable effort and expense, our Annual Report on Form 10-K for the fiscal year ended December 31, 2022 (the “2022 Form 10-K”) because of delays in preparing and providing information necessary for Moss Adams LLP, the Registrant’s independent registered public accounting firm, to complete all procedures relating to its audit. We expect to provide the information necessary to allow for audit completion and filing of the Form 10-K on or before the fifteenth calendar day following the due date. Forward-Looking Statements This filing contains a number of forward-looking statements. Words such as “will” and variations of such words and similar future or conditional expressions are intended to identify forward-looking statements. These forward-looking statements include, but are not limited to, statements regarding our beliefs and expectations relating to the filing of the 2022 Form 10-K and the results of the ongoing review. These forward-looking statements are not guarantees of future events or results and are subject to a number of risks and uncertainties, many of which are difficult to predict and beyond our control. Important factors that may cause actual results to differ materially from those in the forward-looking statements include, but are not limited to, a material delay in the Registrant’s financial reporting, including the possibility that the Registrant will not be able to file the 2022 Form 10-K within the fifteen-day extension period permitted by the rules of the U.S. Securities and Exchange Commission. We disclaim and do not undertake any obligation to update or revise any forward-looking statement herein, except as required by applicable law or regulation

Broadway Financial Corporation (the “Registrant” or “we”) is unable to file, without unreasonable effort and expense, our Annual Report on Form 10-K for the fiscal year ended December 31, 2021 (the “2021 Form 10-K”) because of delays in preparing and providing information necessary for Moss Adams LLP, the Registrant’s independent registered public accounting firm, to complete all procedures relating to its audit. We expect to provide the information necessary to allow for audit completion and filing of the Form 10-K on or before the fifteenth calendar day following the due date. Forward-Looking Statements This filing contains a number of forward-looking statements. Words such as “will” and variations of such words and similar future or conditional expressions are intended to identify forward-looking statements. These forward-looking statements include, but are not limited to, statements regarding our beliefs and expectations relating to the filing of the 2021 Form 10-K and the results of the ongoing review. These forward-looking statements are not guarantees of future events or results and are subject to a number of risks and uncertainties, many of which are difficult to predict and beyond our control. Important factors that may cause actual results to differ materially from those in the forward-looking statements include, but are not limited to, a material delay in the Registrant’s financial reporting, including the possibility that the Registrant will not be able to file the 2021 Form 10-K within the fifteen-day extension period permitted by the rules of the U.S. Securities and Exchange Commission. We disclaim and do not undertake any obligation to update or revise any forward-looking statement herein, except as required by applicable law or regulation

The Quarterly Report on Form 10-Q of Broadway Financial Corporation (the “Registrant” or “we”) for the quarter ended June 30, 2021 (the “Q2 2021 Form 10-Q”) cannot be filed within the prescribed time period because the Registrant requires additional time to ensure adequate disclosure of certain information required to be included in the Q2 2021 Form 10-Q, primarily as a result of the Registrant’s merger with CFBanc Corporation (“CFBanc”), which was completed on April 1, 2021. As such, the Registrant is unable to file the Q2 2021 Form 10-Q within the prescribed time period without unreasonable effort or expense. Forward-Looking Statements This filing contains a number of forward-looking statements. Words such as “will” and variations of such words and similar future or conditional expressions are intended to identify forward-looking statements. These forward-looking statements include, but are not limited to, statements regarding our beliefs and expectations relating to the filing of the Q2 2021 Form 10-Q and the results of the ongoing review. These forward-looking statements are not guarantees of future events or results and are subject to a number of risks and uncertainties, many of which are difficult to predict and beyond our control. Important factors that may cause actual results to differ materially from those in the forward-looking statements include, but are not limited to, a material delay in the Registrant’s financial reporting, including the possibility that the Registrant will not be able to file the Q2 2021 Form 10-Q within the five-day extension period permitted by the rules of the U.S. Securities and Exchange Commission. We disclaim and do not undertake any obligation to update or revise any forward-looking statement herein, except as required by applicable law or regulation