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

B. Riley Principal 150 Merger Corp. (Nasdaq: BRPMU) announced that starting April 9, 2021, holders of its Units can separately trade shares of its Class A common stock (symbol: BMPM) and Warrants (symbol: BRPMW). The Units that are not separated will continue trading under the symbol BRPMU. The announcement aims to improve liquidity for investors. The offering was previously made only through a prospectus from B. Riley Securities, indicating compliance with securities regulations.

B. Riley Financial announced the closing of an underwritten public offering of 5.50% senior notes due 2026 totaling approximately $159.5 million, which includes $9.5 million from additional notes exercised by underwriters. The net proceeds are estimated at $154.5 million, primarily to redeem existing 7.25% Senior Notes due 2027 and for general corporate purposes, including acquisitions and working capital. The notes will trade under the symbol RILYK.

B. Riley Financial (NASDAQ: RILY) has priced an underwritten public offering of $150 million in 5.50% senior notes due 2026, with a 30-day option for underwriters to purchase an additional $22.5 million. The offering is set to close on March 29, 2021. The senior notes received a BBB+ investment grade rating from Egan-Jones Ratings Company. Proceeds exceeding $100 million will be used primarily for redeeming existing 7.25% Senior Notes due 2027 and for corporate purposes like acquisitions and debt repayment.

B. Riley Financial (NASDAQ: RILY) announced an underwritten public offering of $125 million in senior notes due 2026. The offering is subject to market conditions and includes a potential 30-day option for underwriters to purchase additional notes. Both the company and these notes received an investment grade rating of BBB+ from Egan-Jones Ratings. Proceeds exceeding $100 million will be used to redeem existing senior notes and for general corporate purposes, including acquisitions and debt repayment.

B. Riley Financial (NASDAQ: RILY) announced preliminary estimates for its operating adjusted EBITDA for Q1 2021, projecting it to be between $105 million and $115 million, a nearly 50% increase from $70.9 million in Q1 2020. The strong performance is attributed to growth in capital markets and advisory services, bolstered by the acquisition of National Holdings. The company warns that actual results may vary due to market conditions affecting its investment portfolio. Investors should be cautious as the forecast is speculative and contingent upon various factors.

B. Riley Financial (NASDAQ: RILY) announced the appointment of Martin Bernstein as Head of Private Investments. Bernstein will oversee investment sourcing, underwriting, and management of private company investments. The firm, with about $1.3 billion in cash and investments as of December 31, 2020, aims to enhance its investment strategy by expanding beyond public companies. Bernstein brings extensive experience in credit and equity markets, having worked at Anchorage Capital Group and other notable firms. His role will strengthen B. Riley's relationships with syndication partners.

B. Riley Financial (NASDAQ: RILY) announced the redemption of all 7.50% Senior Notes due 2027, totaling $128,155,700, effective March 31, 2021. The redemption price includes 100% of the principal amount plus any accrued interest until the Redemption Date. After this date, these Notes will be delisted from NASDAQ under the symbol RILYZ and interest will cease to accrue. Investors are advised to contact their brokers for redemption details. This announcement is informational and does not constitute an offer to buy or sell securities.

272 Capital, LP and B. Riley Financial, representing over 10% of Tile Shop Holdings' shares, have condemned the company's Board for a lack of shareholder engagement and failure to up-list to a major exchange. Despite forming a special committee to explore a Nasdaq listing, no action has been taken. Shareholders express frustration over the Board's decisions and are planning to propose an independent board slate at the upcoming annual meeting to ensure accountability and drive value creation for all shareholders.

B. Riley Financial (RILY) reported record financial results for Q4 and FY 2020, with total revenues of $410.2 million and $902.7 million, respectively. The company's net income surged to $170.1 million ($6.55 EPS) in Q4, compared to $16.9 million ($0.59 EPS) in the prior year. Full year net income reached $200.4 million ($7.56 EPS). Operating revenues also increased significantly, demonstrating robust growth in investment banking and brokerage services. The company declared a total dividend of $3.50 per share, including a special $3.00 dividend, reflecting strong cash flow and a commitment to shareholders.