LOS ANGELES, April 7, 2025 /PRNewswire/ -- B. Riley Financial, Inc. (NASDAQ: RILY) ("BRF" or the "Company"), a diversified financial services company, today announced it has entered into a privately negotiated exchange agreement (the "Agreement") with an institutional investor, which will reduce the Company's total outstanding debt by approximately $12 million.

Pursuant to the Agreement and subject to the completion of certain closing procedures, the investor has agreed to exchange approximately $22 million in outstanding Senior Notes for $10 million in newly issued 8.00% Senior Secured Second Lien Notes due January 1, 2028 (the "Notes"). In addition, the Company is issuing to the investor warrants to purchase an aggregate of approximately 40,000 common shares at an exercise price of $10.00 per share. The warrants are exercisable for a period of seven years from the issuance date.

LOS ANGELES, April 4, 2025 /PRNewswire/ -- B. Riley Financial, Inc. (Nasdaq: RILY) (the "Company") today announced it received an expected delinquency notification letter from Nasdaq on April 3, 2025, which indicated that the Company was not in compliance with Nasdaq Listing Rule 5250(c)(1) as a result of the delayed filing of the Company's Full Year Report on Form 10-K for the year ended December 31, 2024.

The Nasdaq Listing Rule requires listed companies to timely file all required periodic financial reports with the Securities and Exchange Commission (the "SEC"). This notification has no immediate effect on the listing of the Company's securities on Nasdaq.

LOS ANGELES, March 26, 2025 /PRNewswire/ -- B. Riley Financial, Inc. (NASDAQ: RILY) ("BRF" or the "Company"), a diversified financial services company, today announced it has entered into a privately negotiated exchange agreement (the "Agreement") with an institutional investor, which will reduce the Company's total outstanding debt by approximately $35 million.

Pursuant to the Agreement and subject to the completion of certain closing procedures, the investor has agreed to exchange approximately $123 million in outstanding Senior Notes, consisting of approximately $86 million in 5.5% Senior Notes due March 31, 2026 (NASDAQ: RILYK) and approximately $37 million in 5.0% Senior Notes due December 31, 2026 (NASDAQ: RILYG), for $88 million in newly issued 8.00% Senior Secured Second Lien Notes due January 1, 2028 (the "Notes"). In addition, the Company is issuing to the investor warrants to purchase an aggregate of approximately 351,000 common shares at an exercise price of $10.00 per share. The warrants are exercisable for a period of seven years from the issuance date.

B. Riley Securities (BRS) to Serve Distinct Needs of Companies Across Middle Market Segments

Well Capitalized and Debt Free, BRS to Benefit from Separate Operating and Governance Structures

B. Riley Financial to Retain ~89% Ownership Stake in BRS with Remaining Shares Exclusively Held by Employees of BRS in Form of Restricted Stock Awards and Certain Existing Shareholders of Cascadia

LOS ANGELES, March 11, 2025 /PRNewswire/ -- B. Riley Financial, Inc. (NASDAQ: RILY) ("B. Riley," the "Company" or "BRF"), a diversified financial services company, today announced that a formerly wholly-owned subsidiary of the Company has merged with Cascadia Investments, Inc. (OTC: CDIV) ("Cascadia"), a shell entity, as a result of which certain investors in Cascadia became minority stockholders of BRF's investment banking subsidiary, B. Riley Securities ("BRS").

NEW YORK, March 3, 2025 /PRNewswire/ -- Moore Law, PLLC, a securities and shareholder law firm located on Wall Street, is investigating potential claims against:

Investors who purchased shares of B. Riley Financial, Inc. (NASDAQ: RILY) prior to May 2023 and continue to hold any of those shares should contact fletcher@fmoorelaw.com

Franchise Group, Inc. ("FRG") is a holding company which acquires and manages companies, primarily franchises. FRG is a client of B. Riley Financial, Inc.

LOS ANGELES, March 3, 2025 /PRNewswire/ -- B. Riley Financial, Inc. (NASDAQ: RILY) ("B. Riley" or the "Company"), a diversified financial services company, today announced it has completed the sale of Atlantic Coast Recycling, LLC for approximately $70 million in cash proceeds.  The Company expects to record a gain of approximately $30 million on the sale in the first quarter.

Bryant Riley, Chairman and Co-Chief Executive Officer of B. Riley Financial, commented: "Atlantic Coast Recycling has been a profitable investment for our Principal Investments team, which invested approximately $39 million in the business." 

Net Income Available to Common Shareholders Expected to be in Range of $48 million to $68 million, or $1.57 to $2.22 Per Diluted Net Income per Common Share

LOS ANGELES, March 3, 2025 /PRNewswire/ -- B. Riley Financial, Inc. (NASDAQ: RILY) ("B. Riley" or the "Company"), a diversified financial services company, today released preliminary estimates of financial results for the three-month period ending December 31, 2024. The estimated financial results provide a range that are unaudited and subject to completion of the ongoing audit of the Company's annual financial statements.

Retires Nomura Senior Secured Credit Facility

Makes Strategic Investment and Loan in Joint Venture Overseeing JOANN's Liquidation

LOS ANGELES, Feb. 27, 2025 /PRNewswire/ -- B. Riley Financial, Inc. (NASDAQ: RILY) ("B. Riley" or the "Company"), a diversified financial services company, today announced that it has entered into a new $160 million senior secured debt facility ("Term Loan Facility") provided by funds managed by Oaktree Capital Management, L.P. ("Oaktree").

B. Riley used approximately $118 million to retire the outstanding debt under its Nomura Senior Secured Credit Agreement and the rest for working capital, including up to $35 million in respect of its portion of the loan and investment in the joint venture overseeing the liquidation of JOANN, the fabric and crafts retailer that is commencing store closing sales at all 790 locations nationwide.

LOS ANGELES, Feb. 26, 2025 /PRNewswire/ -- B. Riley Financial, Inc. (NASDAQ: RILY) ("B. Riley" or the "Company"), a diversified financial services company, today announced that the Company has regained compliance with Nasdaq Listing Rule 5250(c)(1) in connection with the filing of its Third Quarter 10-Q.

The Company received notice from The Nasdaq Stock Market on February 24, 2025 indicating that it has regained compliance with the Listing Rule, which requires listed companies to timely file all required periodic reports with the Securities and Exchange Commission.

Expects to Regain Compliance with Nasdaq Listing Rule 5250(c)(1) Following Filing of 10-Q for Quarter Ended September 30, 2024

LOS ANGELES, Feb. 24, 2025 /PRNewswire/ -- B. Riley Financial, Inc. (NASDAQ: RILY) ("B. Riley" or the "Company"), a diversified financial services company, today announced it will release preliminary financial results for the fourth quarter ended December 31, 2024 after market close on Monday, March 3, 2025.

B. Riley Financial will host a conference call followed by a question-and-answer session with analyst and investors at 4:30 p.m. ET (1:30 p.m. PT) on the same day. Investors may access the live audio webcast and archived recording at https://ir.brileyfin.com/events-and-presentations.

LOS ANGELES, Feb. 21, 2025 /PRNewswire/ -- B. Riley Securities, Inc. ("B. Riley"), a preeminent middle market investment bank, will be hosting its Precision Oncology & Radiopharma Investor Conference on Friday, February 28th in New York.

This one-day conference will feature more than 30 institutionally relevant companies developing and commercializing next-gen targeted oncology and radiopharmaceutical therapeutics and diagnostics. In addition to investor discussions, B. Riley Equity Research Analysts will be moderating panels covering topics including recent disruptions to healthcare policy, the evolving radiopharma value chain, antibody drug conjugates and T-cell engagers, and novel approaches in synthetic lethality.

LOS ANGELES, Feb. 14, 2025 /PRNewswire/ -- B. Riley Securities, Inc. ("B. Riley"), a preeminent middle market investment bank and subsidiary of B. Riley Financial, Inc. (Nasdaq: RILY), today announced its 25th Annual Investor Conference will take place on Wednesday, May 21st and Thursday, May 22nd, 2025 at the Ritz-Carlton, Marina Del Rey in Marina Del Rey, California. 

B. Riley's premier West Coast event gathers approximately 200 public companies representing a wide variety of industries to showcase their stories to over 1,000 attendees spanning qualified institutional, private equity, and venture capital investors. 

Provides Update on Preferred Stock Dividends

LOS ANGELES, Jan. 21, 2025 /PRNewswire/ -- B. Riley Financial, Inc. (NASDAQ: RILY) ("B. Riley" or the "Company"), a diversified financial services company, today announced the redemption on February 28, 2025 (the "Redemption Date") of all the issued and outstanding 6.375% Senior Notes due February 28, 2025 (NASDAQ: RILYM) (the "Notes").

The redemption price for the Notes will be equal to 100% of the aggregate principal amount of the Notes, plus any accrued and unpaid interest as set forth in each notice of redemption delivered to note holders (the "Redemption Payment"). Interest on the Notes will cease to accrue on and after the Redemption Date. The Notes, which are listed on NASDAQ under the ticker symbol "RILYM," will be delisted and cease trading on the Redemption Date. Notice to holders of the Notes will be issued on or before January 24, 2025. Investors in the Notes should contact the bank or broker through which they hold a beneficial interest in the Notes for information about the Redemption Payment

Financial Statements Consistent with Preliminary Results Issued on August 12, 2024

Discloses Preliminary Total Cash Balance of $257 Million as of December 31, 2024

LOS ANGELES, Jan. 14, 2025 /PRNewswire/ -- B. Riley Financial, Inc. (NASDAQ: RILY) ("B. Riley" or the "Company"), a diversified financial services company, today announced the filing of its Quarterly Report on Form 10-Q for the three-month period ended June 30, 2024. The financial statements are consistent with the preliminary financial results released on August 12, 2024.

Announces Notification of Additional Delinquency with Nasdaq for Late Filing of Form 10-Q for Period Ended September 30, 2024

Expects to Return to Normal Filing Cadence in 2025

LOS ANGELES, Nov. 26, 2024 /PRNewswire/ -- B. Riley Financial, Inc. (NASDAQ: RILY) ("B. Riley" or the "Company"), a diversified financial services company, today announced it received an additional delinquency notification letter from Nasdaq on November 20, 2024, which indicated that the Company was not in compliance with Nasdaq Listing Rule 5250(c)(1) as a result of the delayed filing of the Company's Quarterly Reports on Form 10-Q for the periods ended June 30, 2024 and September 30, 2024. The Nasdaq Listing Rule requires listed companies to timely file all required periodic financial reports with the Securities and Exchange Commission (the "SEC"). This notification has no immediate effect on the listing of the Company's securities on Nasdaq.

The Great American Group to Leverage 30-Year Track Record to Provide Industry-Leading Valuation, Appraisal, Asset Disposition and Real Estate Services

B. Riley to Recognize Gain of Approximately $235 Million on Transaction in Fourth Quarter 2024 Results

LOS ANGELES, Nov. 18, 2024 /PRNewswire/ -- B. Riley Financial, Inc. (NASDAQ: RILY) ("B. Riley" or the "Company"), a diversified financial services company, and funds managed by Oaktree Capital Management, L.P. ("Oaktree"), today announced the launch of a partnership between B. Riley and Oaktree in the Great American ("GA") Group, an industry-leading provider of valuation, appraisal, asset disposition and real estate services.

LOS ANGELES, Nov. 4, 2024 /PRNewswire/ -- B. Riley Securities, Inc. ("B. Riley"), a preeminent fixture in middle market brokerage and investment banking for over 25 years, today announces its first Energy Convergence Conference: Mining, Nuclear and Infrastructure, will take place on Wednesday, December 4th at Hotel Eventi New York.

This timely event gathers a diverse set of public companies and industry experts representing the mining, nuclear energy, and U.S. infrastructure sectors to showcase their stories to an expansive institutional investor audience.

Enters into Agreement with Stifel Financial Corp. to Sell a Portion of Wealth Management Business

LOS ANGELES, Nov. 1, 2024 /PRNewswire/ -- B. Riley Financial, Inc. (NASDAQ: RILY) ("B. Riley" or the "Company"), a diversified financial services company, today announced that it has signed a definitive agreement to sell a portion of its traditional (W-2) Wealth Management business to Stifel Financial Corp. (NYSE: SF) ("Stifel") for estimated net consideration of $27 million to $35 million in cash. The transaction does not include B. Riley's approximately 190 independent advisors and 90 tax professionals. Subject to the terms of the agreement, the final consideration will be based on the number of advisors that join Stifel at closing. An expected 40 to 50 advisors, along with the associated customer accounts, will transition to Stifel in early 2025. The accounts represent total assets under management (AUM) of approximately $3.5 billion to $4.5 billion as of September 30th, 2024.

LOS ANGELES, Oct. 29, 2024 /PRNewswire/ -- B. Riley Financial, Inc. (NASDAQ: RILY) ("B. Riley" or the "Company"), a diversified financial services company, today announced it and its subsidiary bebe stores, inc. ("bebe") have completed a transaction for their brand assets yielding approximately $236 million in cash proceeds to B. Riley.

At the closing of the transaction, B. Riley transferred and contributed its interests in the assets and intellectual property related to the licenses of several brands, including Hurley, Justice, Scotch & Soda, Catherine Malandrino, English Laundry, Joan Vass, Kensie, Limited Too and Nanette Lepore to a securitization vehicle, receiving approximately $189 million in net proceeds in connection with the financing transaction. bebe sold its interests in the assets and intellectual property related to the licenses of the bebe and Brookstone brands for approximately $47 million in net cash proceeds also at the closing.

LOS ANGELES, Oct. 16, 2024 /PRNewswire/ -- B. Riley Financial, Inc. (NASDAQ: RILY) ("B. Riley" or the "Company") has declared cash dividends on its 6.875% Series A Cumulative Perpetual Preferred Stock (NASDAQ: RILYP) and its 7.375% Series B Cumulative Perpetual Preferred Stock (NASDAQ: RILYL) (collectively, the "Preferred Stock"), each series of which is represented by depositary shares. Each depositary share represents 1/1000th fractional interest in a share of the respective Preferred Stock with a liquidation preference equivalent to $25.00 per depositary share.