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B. Riley Financial Announces Public Offering of Common Stock
LOS ANGELES, Jan. 12, 2021 /PRNewswire/ -- B. Riley Financial, Inc. (NASDAQ: RILY) ("B. Riley" or the "Company") today announced it has commenced an
About this update from Brc Group Holdings, Inc.
[{"type":"text","content":"LOS ANGELES, Jan. 12, 2021 /PRNewswire/ -- B. Riley Financial, Inc. (NASDAQ: RILY) (\"B. Riley\" or the \"Company\") today announced it has commenced an underwritten public offering of 870,000 shares of its common stock (the \"Offering\"), subject to market and certain other conditions. The Company expects to grant the underwriter a 30-day option to purchase additional shares of common stock in connection with the Offering. Certain of the Company's officers, directors and employees have indicated an interest in participating in this offering.\n\n \n \n \n \n \n \n\n \nThe Company expects to use the net proceeds of this offering for general corporate purposes, including funding future acquisitions and investments, making capital expenditures and funding working capital.\nB. Riley Securities, Inc. is acting as sole book-running manager for the offering.\nThe shares of common stock will be offered under the Company's shelf registration statement on Form S-3, which was declared effective by the Securities and Exchange Commission (\"SEC\") on February 24, 2020. The offering will be made only by means of a prospectus supplement and accompanying base prospectus.\nCopies of the preliminary prospectus supplement and the accompanying base prospectus may be obtained on the SEC's website at www.sec.gov, or by contacting B. Riley Securities by telephone at (703) 312-9580, or by emailing [email protected].\nThis press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, sale or solicitation would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.\nAbout B. Riley Financial, Inc. (NASDAQ: RILY)B. Riley Financial, Inc. provides collaborative financial services solutions tailored to fit the capital raising, business, operational, and financial advisory needs of its clients and partners. B. Riley operates through several subsidiaries which offer a diverse range of complementary end-to-end capabilities spanning investment banking and institutional brokerage, private wealth and investment management, corporate advisory, restructuring, due diligence, forensic accounting, litigation support, appraisal and valuation, and auction and liquidation services. ...