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State: 01.05.2025 | 6PM
Tue, 11.03.2025       B. Riley Financial
US05580M1080

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").

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