B. Riley Principal 250 Merger Corp. (NASDAQ: BRIVU, RILY) announced that, starting June 28, 2021, holders of its units can trade shares of Class A common stock and warrants separately on Nasdaq under the symbols 'BRIV' and 'BRIVW.' Units that remain intact will continue to trade under 'BRIVU.' This allows for greater flexibility in trading for investors. The company aims to pursue a business combination with established enterprises valued between $800 million and $2 billion.
B. Riley Principal 250 Merger Corp. (NASDAQ: BRIVU, BRIVW, BRIV) announced on June 14, 2021, the underwriters of its IPO exercised an overallotment option, resulting in the sale of an additional 2,250,000 shares at $10.00 each. This increased the total shares sold to 17,250,000, generating gross proceeds of approximately $172.5 million. Additionally, the company completed a private sale of 45,000 units at the same price, raising $450,000. B. Riley Securities, Inc. was the sole manager for the offering, which aims to engage in business combinations with enterprises valued between $800 million and $2 billion.
B. Riley Principal 250 Merger Corp., a special purpose acquisition company, has priced its initial public offering (IPO) of 15,000,000 units at $10.00 each, raising $150 million. The units, which comprise one share of Class A common stock and one-third of a redeemable warrant, will begin trading on Nasdaq under the ticker symbol 'BRIVU' on May 7, 2021. The company aims to merge with businesses that demonstrate potential for strong cash flow and revenue growth. B. Riley Securities, Inc. is the sole book-running manager for the offering.