B. RILEY FINANCIAL, INC. - RILY STOCK NEWS

FaZe Clan has appointed Zach Katz as its new President and Chief Operating Officer, effective immediately. Katz brings over 20 years of experience in the music and talent industries, aiming to enhance FaZe's operational efficiency and global brand expansion. He will report directly to CEO Lee Trink and work on increasing revenue through innovative verticals. This leadership change occurs as FaZe prepares for its merger with B. Riley Principal 150 Merger Corp. (NASDAQ: BRPM), with the transaction expected to close by July 2022.

B. Riley Financial (NASDAQ: RILY) reported a net loss of $12.1 million or ($0.43) diluted EPS for Q1 2022, a significant decline from a net income of $252.9 million a year prior. Total revenues dropped 66% to $205.6 million, with operating revenues decreasing by 18% to $274 million. The company declared a quarterly dividend of $1.00 per common share, payable on May 20. Despite challenges in the underwriting business, the firm anticipates growth from M&A activities and diversification into Telecom acquisitions, enhancing its revenue mix and cash flow.

B. Riley Securities, a subsidiary of B. Riley Financial (NASDAQ: RILY), has appointed Ji Pak and Mary Jo Collins as Managing Directors in its fixed income division. Ji Pak, who has nearly 15 years of experience in Hybrid/Preferred trading, aims to enhance B. Riley's capabilities in this space. Mary Jo Collins brings a strong background in fixed income trading and product sales. The firm is strategically expanding its offerings in the financial services industry, reinforcing its presence in the fixed income market with veteran leadership and a focus on client service.

B. Riley Financial (NASDAQ: RILY) has announced an investor call scheduled for Thursday, April 28, 2022, at 4:30 p.m. ET. The call will discuss the company’s first-quarter 2022 results following an earnings release expected shortly after market close on the same day. Co-CEOs Bryant Riley and Tom Kelleher, along with CFO Phillip Ahn, will lead the call and a subsequent Q&A session. Investors can access the live broadcast and archived recordings via the company’s investor relations website.

On April 12, 2022, FaZe Clan announced the addition of Donald De La Haye, known as "FaZe Deestroying," to their talent roster. Deestroying, a former college football player with over 10 million social media followers, transitioned to content creation after leaving college football. His dynamic sports content and vlogs have resonated with a dedicated fanbase. As an advocate for athlete compensation, he played a pivotal role in changing NCAA rules around name, image, and likeness (NIL). FaZe Clan aims to leverage his influence to expand their content offerings.

B. Riley Financial, Inc. (NASDAQ: RILY) has declared cash dividends for its Preferred Stock. The 6.875% Series A Preferred Stock will have a cash dividend of $0.42968750 per depositary share, while the 7.375% Series B Preferred Stock will offer $0.4609375 per depositary share. These dividends are payable on or about April 29, 2022, to shareholders of record by April 19, 2022. Each depositary share represents a fractional interest in a share of the respective Preferred Stock with a liquidation preference of $25.00.

FaZe Clan announces two innovative livestream series targeting Gen Z, unFaZed and FaZe1: The Warehouse. The first series premieres on June 2, featuring rotating internet celebrities and live segments every Thursday. Concurrently, FaZe1 launches on May 5, a 15-day reality competition offering a chance to win $1 million in cryptocurrency. Both shows will be filmed at FaZe Clan's new studio in Hollywood, reinforcing their commitment to engaging and entertaining the youth audience.

FaZe Clan announced that entertainment icon Snoop Dogg will join its talent network and board of directors following its merger with B. Riley Principal 150 Merger Corp. (BRPM). Snoop Dogg, known for his influence in music and gaming, will co-create content and launch merchandise as "FaZe Snoop." This partnership aims to foster engagement across social platforms, tapping into Snoop's extensive fanbase. The merger is anticipated to close in Spring 2022, with Snoop's role expected to enhance FaZe Clan's strategic direction as a public company.

B. Riley Securities, a subsidiary of B. Riley Financial (NASDAQ: RILY), appointed Robert Hamill as Senior Managing Director of Fixed Income. Hamill joins Tim Sullivan, who began his role on February 1, to enhance the national growth of the fixed income division. With over 35 years of financial services experience, including positions at Drexel Burnham Lambert and JP Morgan, Hamill aims to improve client relationships and expand the department. B. Riley offers various fixed income solutions, leveraging a network of over 1,000 institutional investors.