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

B. Riley Financial (NASDAQ: RILY) will hold a conference call on February 25, 2021, at 4:30 p.m. ET to discuss its fourth-quarter and full-year results for 2020. The financial results will be released shortly after market close, prior to the call. Co-CEOs Bryant Riley and Tom Kelleher, along with CFO Phillip Ahn, will host the call, which includes a question and answer session. Investors can access the live broadcast and recording through the investor relations website.

B. Riley Financial (NASDAQ: RILY) announced a cash tender offer to purchase outstanding shares of National Holdings Corporation (NASDAQ: NHLD) for $3.25 per share. The offer commences on January 27, 2021 and is set to expire at midnight on February 24, 2021, unless extended. National's Board of Directors unanimously recommends shareholders accept the offer. The completion of the tender offer is contingent upon a majority of shares being validly tendered. Following this, a merger is expected to occur, making National a wholly owned subsidiary of B. Riley Financial.

B. Riley Advisory Services has been awarded the title of Middle Market Turnaround Consulting Firm of the Year at the 12th Annual Turnaround Atlas Awards, recognizing its leadership in restructuring. The firm also achieved accolades for its roles in significant bankruptcy matters, including the Power & Utilities Restructuring of the Year for Agera Energy’s Chapter 11 process and the Special Situation M&A Deal of the Year for the Aceto Pharmaceuticals case. Co-CEO Ian Ratner emphasized the trust clients place in their expertise to navigate complex strategic challenges.

B. Riley Financial, Inc. (NASDAQ: RILY) has successfully closed an underwritten public offering of $200 million in 6.00% senior notes due 2028. The offering generated net proceeds of approximately $193.7 million after costs and will fund the redemption of existing 7.50% senior notes and support general corporate activities. The notes received a BBB+ investment-grade rating from Egan-Jones Ratings Company and will trade under the symbol RILYT. The company aims to use excess proceeds for acquisitions and debt repayment.

B. Riley Financial (NASDAQ: RILY) announced a $200 million underwritten public offering of 6.00% senior notes due 2028, priced on January 20, 2021. The offering includes a 30-day option for underwriters to purchase an additional $30 million. The expected closing date is January 25, 2021. Proceeds over $50 million will be used to redeem existing 7.50% senior notes due 2027 and for general corporate purposes. The notes received a BBB+ investment grade rating from Egan-Jones and are expected to begin trading under the symbol "RILYT".

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B. Riley Financial (NASDAQ: RILY) announced a public offering of $100 million in senior notes due 2028. The offering is subject to market conditions, with underwriters granted a 30-day option for additional notes. Rated BBB+ by Egan-Jones Ratings, the proceeds will primarily redeem existing 7.50% Senior Notes due 2027 and for general corporate purposes including acquisitions and working capital. The notes will be offered under an SEC shelf registration statement, and copies of the related prospectus can be obtained via the SEC's website.

B. Riley Financial (NASDAQ: RILY) has successfully completed a public offering of 1,413,045 shares at $46.00 each, raising approximately $65 million in gross proceeds. After deductions, the net proceeds stand at about $61.4 million, which will be allocated for general corporate purposes, including acquisitions, capital expenditures, and working capital. Notably, some officers and directors participated, purchasing 149,670 shares in the offering. The offering utilized the Company's effective shelf registration statement filed with the SEC.

B. Riley Financial (NASDAQ: RILY) has announced the pricing of an underwritten public offering of 1,228,735 shares of common stock at $46.00 per share. The Offering will generate approximately $56.5 million in gross proceeds before expenses and discounts. Closing is expected on January 15, 2021. The proceeds are intended for general corporate purposes, including funding future acquisitions and making capital expenditures. Additionally, certain company officers and directors have agreed to purchase 149,670 shares as part of this offering.