Welcome to our dedicated page for B. Riley Financial news (Ticker: RILY), a resource for investors and traders seeking the latest updates and insights on B. Riley Financial stock.
B. Riley Financial, Inc. (NASDAQ: RILY) provides integrated financial solutions across investment banking, wealth management, and corporate advisory services. This dedicated news hub aggregates all essential updates about the company's operations, strategic initiatives, and market position.
Investors and analysts will find timely information on earnings announcements, mergers & acquisitions, leadership changes, and strategic partnerships. The curated collection includes press releases, regulatory filings, and third-party analysis to support informed decision-making.
Key coverage areas include capital market activities, restructuring developments, wealth management expansions, and financial consulting projects. Regular updates ensure stakeholders maintain current awareness of RILY's cross-platform initiatives in North American and European markets.
Bookmark this page for convenient access to verified RILY updates. Combine real-time alerts with historical context to track the company's evolving financial strategies and industry impact.
B. Riley Financial reported Q2 2022 results with GAAP revenues of $42.7 million and operating revenues of $266.6 million. The company faced a net loss of ($142.2 million), resulting in a diluted EPS of ($5.07). Despite challenges, the firm declared a quarterly dividend of $1.00 per share. Operating adjusted EBITDA was $74.2 million, indicating resilience from non-cyclical segments. The investment portfolio has generated returns exceeding the Russell 2000 Index, showcasing potential growth in a volatile market.
B. Riley Financial (NASDAQ: RILY) is set to release its financial results for Q2 2022 on July 28, 2022, after market close. An investor call will follow at 4:30 p.m. ET, featuring insights from Co-CEOs Bryant Riley and Tom Kelleher, alongside CFO Phillip Ahn. Investors can access the live broadcast and a recorded version through the company's investor relations website.
This earnings call provides an opportunity for stakeholders to understand the company's performance during the quarter.
FaZe Clan Inc. completed its business combination with B. Riley Principal 150 Merger Corp. (BRPM) on July 19, 2022. This merger allows FaZe to trade on NASDAQ under the ticker 'FAZE' starting July 20, 2022. FaZe Clan, a leader in youth culture and gaming, has a following of about 500 million across social platforms and operates 11 esports teams that collectively won 35 championships. This public listing enables FaZe to access capital for future growth while engaging with a key demographic of 13-34 year-olds, enhancing its market influence in digital entertainment and youth culture.
B. Riley Principal 150 Merger Corp. (Nasdaq: BRPM, BRPMU) announced stockholder approval for its business combination with FaZe Clan Inc., a lifestyle and media platform focused on gaming. The merger is set to close on July 19, 2022, after which the company will be renamed FaZe Holdings Inc. Shares are expected to trade under the new tickers FAZE and FAZEW starting July 20, 2022. The deal aims to leverage FaZe Clan's extensive social media reach, targeting the youth market with its diverse content and partnerships.
B. Riley Financial, Inc. (NASDAQ: RILY) has announced cash dividends for its 6.875% Series A and 7.375% Series B Cumulative Perpetual Preferred Stock. The Series A dividend is set at $0.42968750 per share, while the Series B dividend is $0.4609375 per share. These dividends are scheduled for payment on or about July 29, 2022, to shareholders on record as of July 19, 2022. This financial move indicates the company's commitment to returning value to its preferred stockholders.
B. Riley Financial announced the appointment of Timothy J. Shilling as Executive Vice President of B. Riley Retail Solutions. Shilling brings over two decades of experience in leading retail liquidations and advising prominent retailers. He will support the firm's strategy amidst challenges like rising interest rates and supply chain issues affecting the retail sector. Notably, he has overseen retail inventory assignments valued over $10 billion. Shilling aims to leverage B. Riley's diverse platform to assist clients in navigating the evolving retail landscape.
B. Riley Principal 150 Merger Corp. (BRPM) has announced the effectiveness of its Form S-4 registration statement by the SEC for its proposed business combination with FaZe Clan Inc. The merger aims to solidify FaZe Clan's position in the esports and creator economy. A Special Meeting for BRPM stockholders will be held on July 15, 2022, for voting on the merger. Upon completion, the company will rebrand as FaZe Holdings Inc. and trade on NASDAQ under the ticker 'FAZE.'
B. Riley Principal 150 Merger Corp. (NASDAQ: BRPM) announced the record date of May 26, 2022, for a special meeting of stockholders to vote on its proposed merger with FaZe Clan, a prominent esports and gaming lifestyle company. The business combination is anticipated to finalize by July 2022, pending stockholder and regulatory approvals. Following the merger, BRPM will be renamed FaZe Holdings Inc., with new ticker symbols 'FAZE' and 'FAZEW' for its shares and warrants, respectively. A proxy statement/prospectus will be provided to stockholders once effective.
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