Cascadia Invts Inc Stock Price, News & Analysis

CDIV OTC

Welcome to our dedicated page for Cascadia Invts news (Ticker: CDIV), a resource for investors and traders seeking the latest updates and insights on Cascadia Invts stock.

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05/19/2025 05:35 PM

News

B. Riley Securities Provides Business and Financial Update Following Carve-Out Transaction

Rhea-AI Summary

B. Riley Securities (BRS) provided a business update following its carve-out from B. Riley Financial (BRF). In 2024, BRS reported adjusted total revenue of $217.7 million and adjusted net revenue of $211.0 million, though faced a net loss of $14.5 million. The company achieved adjusted net income of $33.1 million and raised $16.5 billion in debt and equity for clients. Following the carve-out transaction in March 2025, BRS maintains a debt-free position with $68 million in cash and securities. The company expanded its capabilities in Convertibles and Liability Management while investing in Equity Research, Sales & Trading, and Investment Banking talent. The carve-out aims to provide greater financial transparency and position BRS for sustainable growth in the middle market investment banking sector.

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B. Riley Financial Announces Carve Out Transaction with B. Riley Securities

Rhea-AI Summary

B. Riley Financial (NASDAQ: RILY) has announced a strategic carve-out transaction involving its investment banking subsidiary, B. Riley Securities (BRS). Through a merger with Cascadia Investments, BRS will now operate independently with its own governance structure and trade on the OTC Pink market under 'BRLY'. B. Riley Financial retains approximately 89% ownership, with remaining shares held by BRS employees and certain Cascadia shareholders.

BRS, which will be debt-free and well-capitalized, will be led by Andy Moore and Jimmy Baker as Co-CEOs. Since 2017, BRS has led over 250 capital markets transactions, raised more than $115 billion in debt and equity, and advised on M&A and restructuring deals exceeding $33 billion in total value.

The tax-free separation aims to provide enhanced transparency for stakeholders and enable independent valuation of BRS as a pure-play investment bank focused on small cap and middle markets. BRS will maintain its own board of directors, with four members appointed by BRF, including two independent directors within 30 days.

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