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B. Riley Principal 150 Merger Corp. Announces Pricing of $150 Million Initial Public Offering
NEW YORK, Feb. 18, 2021 /PRNewswire/ -- B. Riley Principal 150 Merger Corp. (the "Company"), a special purpose acquisition company sponsored by an affiliate
About this update from Brc Group Holdings, Inc.
[{"type":"text","content":"NEW YORK, Feb. 18, 2021 /PRNewswire/ -- B. Riley Principal 150 Merger Corp. (the \"Company\"), a special purpose acquisition company sponsored by an affiliate of B. Riley Financial, Inc. (Nasdaq: RILY), today announced the pricing of its initial public offering of 15,000,000 units at a price of $10.00 per unit. The units will be listed on the Nasdaq Capital Market (\"Nasdaq\") and trade under the ticker symbol \"BRPMU\" beginning on February 19, 2021.\nEach unit consists of one share of Class A common stock and one-third of one redeemable warrant, each whole warrant exercisable to purchase one share of Class A common stock at a price of $11.50 per share. After the securities comprising the units begin separate trading, the shares of Class A common stock and the warrants are expected to be listed on Nasdaq under the symbols \"BRPM\" and \"BRPMW,\" respectively. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. The offering is expected to close on February 23, 2021.\nThe Company intends to use the net proceeds from this offering to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. \nB. Riley Securities, Inc. is acting as the sole book-running manager. The Company has granted the underwriters a 45-day option to purchase up to an additional 2,250,000 units at the initial public offering price to cover over-allotments, if any.\nThe offering is being made only by means of a prospectus. When available, copies of the prospectus relating to this offering may be obtained from B. Riley Securities, Inc. at 299 Park Avenue, New York, New York 10171, by telephone at (800) 846-5050 or by email at [email protected].\nA registration statement relating to these securities was declared effective by the U.S. Securities and Exchange Commission (\"SEC\") on February 18, 2021. This 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, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.\nAbout B. Riley Principal 150 Merger Corp.\nB. Riley Principal 150 Merger Corp. is a bl...