B. Riley Financial, Inc. Stock Price, News & Analysis

B. Riley Financial (NASDAQ: RILY) announced the acquisition of FocalPoint Securities for up to $175 million. This strategic move is expected to significantly enhance B. Riley's M&A advisory capabilities, projecting to quadruple its pro forma business in this sector. FocalPoint has successfully closed $17 billion in transactions over 20 years, specializing in various high-growth sectors. The acquisition aligns with B. Riley's goals to expand its market presence and offer a comprehensive suite of financial services to clients.

B. Riley Financial (NASDAQ: RILY) announced the expansion of its Forensic Accounting & Litigation Support practice by adding four senior professionals: Wayne Wilson, Mike De Laval, Paul Brooks, and Meredith Alfred. This team, based in Houston, Texas, brings over 80 years of combined experience in energy litigation support and international arbitration. Their expertise encompasses commodities trading and financial consulting, enhancing B. Riley's capabilities in handling high-profile disputes with major law firms.

B. Riley Financial has declared cash dividends for its preferred stock series. The 6.875% Series A Cumulative Perpetual Preferred Stock (RILYP) will pay $0.42968750 per depositary share, while the 7.375% Series B Cumulative Perpetual Preferred Stock (RILYL) will pay $0.4609375 per depositary share. Both dividends are payable on January 31, 2022, to holders of record as of January 21, 2022. This reflects the company's ongoing commitment to providing returns to its investors.

B. Riley Principal 150 Merger Corp. (NASDAQ: BRPMU, BRPM, BRPMW) has filed a registration statement with the SEC for a proposed business combination with FaZe Clan Inc., a digital content platform. This merger is expected to close in early Q2 2022, pending shareholder approval and regulatory conditions. Post-combination, BRPM will rebrand as 'FaZe Holdings Inc.' and its common stock will trade under the new ticker symbol 'FAZE'. The merger includes a $118 million private placement led by B. Riley Securities.

B. Riley Financial has announced the appointment of Tammy Brandt to its Board of Directors, expanding the board to 10 members. Brandt brings nearly two decades of legal expertise in strategic matters such as M&A, corporate governance, and data security. Currently, she is the Chief Legal Officer at FaZe Clan, which plans to merge with B. Riley Principal 150 Merger Corp. (BRPM). This appointment is seen as a move to enhance the company’s advisory capabilities and strengthen its leadership.

B. Riley Financial (NASDAQ: RILY) announced the acquisition of a performing credit receivables portfolio from W.S. Badcock Corporation, valued at approximately $400 million. The portfolio includes receivables totaling $535 million as of December 15, 2021. This purchase is expected to enhance EBITDA and provide additional cash flow throughout its lifecycle. B. Riley Financial has established a new receivables business aimed at debt monetization solutions, leveraging its strong asset base of over $5 billion as of September 30, 2021.

B. Riley Financial (NASDAQ: RILY) announced the sale of approximately $22.7 million in additional aggregate principal amount of its 5.00% Senior Notes due 2026, following the partial exercise of underwriters' options related to a prior public offering of $300 million in Notes. Total net proceeds from the offering reached $312.5 million. The proceeds will be utilized for general corporate purposes, including funding acquisitions, refinancing existing debt, and working capital needs. Trading of the Notes commenced on December 6, 2021 under the ticker symbol RILYG.

B. Riley Financial (NASDAQ: RILY) announced the successful closure of a $300 million public offering of 5.00% Senior Notes due 2026. The offering generated net proceeds of approximately $290.5 million after discounts. The Notes are rated BBB+ by Egan-Jones and will trade on the Nasdaq Global Market under the symbol RILYG. Proceeds will be used for general corporate purposes, including acquisitions, debt repayment, and working capital. Underwriters have an option for an additional $45 million.

B. Riley Financial has priced an underwritten public offering of $300 million in 5.00% Senior Notes due 2026. The offering is expected to close on December 3, 2021, with an option for underwriters to purchase an additional $45 million in Notes. The Notes received a BBB+ rating, with plans to list on the Nasdaq under RILYG. Proceeds will fund acquisitions, refinance debt, and support operational needs. The issuance is part of B. Riley's broader strategy for growth and client support.