Welcome to our dedicated page for B. Riley Financial news (Ticker: RILY), a resource for investors and traders seeking the latest updates and insights on B. Riley Financial stock.
B. Riley Financial, Inc. (NASDAQ: RILY) provides integrated financial solutions across investment banking, wealth management, and corporate advisory services. This dedicated news hub aggregates all essential updates about the company's operations, strategic initiatives, and market position.
Investors and analysts will find timely information on earnings announcements, mergers & acquisitions, leadership changes, and strategic partnerships. The curated collection includes press releases, regulatory filings, and third-party analysis to support informed decision-making.
Key coverage areas include capital market activities, restructuring developments, wealth management expansions, and financial consulting projects. Regular updates ensure stakeholders maintain current awareness of RILY's cross-platform initiatives in North American and European markets.
Bookmark this page for convenient access to verified RILY updates. Combine real-time alerts with historical context to track the company's evolving financial strategies and industry impact.
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.
B. Riley Financial reported record financial results for Q4 and FY 2020, with total revenues of $410.2 million for Q4, up from $165.2 million in Q4 2019, and $902.7 million for FY 2020, compared to $652.1 million in FY 2019. Net income for Q4 surged to $170.1 million, or $6.55 per share, versus $16.9 million, or $0.59 per share a year earlier. The company declared an increase in its regular dividend to $0.50 and a special dividend of $3.00, citing strong earnings potential. Investment banking activities and SPAC transactions significantly contributed to Q4 profitability.
B. Riley Financial (RILY) has successfully completed its merger with National Holdings Corporation (NHLD), transforming National into a wholly-owned subsidiary of B. Riley. This strategic merger adds nearly 700 registered representatives and $20 billion in assets to B. Riley’s platform, which now features over 900 representatives managing a total of $30 billion in assets. The integration aims to enhance B. Riley Wealth Management's competitive advantage by providing clients with a broader suite of investment solutions and improved service capabilities.
B. Riley Financial (NASDAQ: RILY) has successfully completed its cash tender offer for National Holdings Corporation (NASDAQ: NHLD) shares, acquiring 5,364,675 shares for approximately $17.4 million, representing about 39% of National's outstanding shares. The offer expired on February 24, 2021, and will lead to National becoming a wholly owned subsidiary of B. Riley, with each outstanding share converting into $3.25 in cash. The merger is expected to finalize soon, and National shares will subsequently be delisted from Nasdaq.
B. Riley Principal 150 Merger Corp. closed its initial public offering (IPO) on February 23, 2021, raising gross proceeds of $172.5 million. The offering consisted of 17,250,000 units, priced at $10.00 per unit, with trading beginning under the ticker symbol BRPMU. Each unit includes one share of Class A common stock and one-third redeemable warrant. The company plans to use the proceeds for potential business combinations, focusing on firms with an enterprise value of $300 million to $1 billion. B. Riley Securities, Inc. was the sole book-running manager.
On February 23, 2021, B. Riley Financial (NASDAQ: RILY) announced the launch of its new Compliance, Risk and Resilience practice within B. Riley Advisory Services. Led by seasoned experts Scott Corzine and Duane Lohn, this initiative aims to enhance clients' capabilities in risk management, cybersecurity, and crisis preparedness. The practice will cater to both public and private sector clients, providing crucial support to navigate operational resiliency and regulatory compliance.
B. Riley Principal 150 Merger Corp. announced the pricing of its initial public offering (IPO) of 15 million units at $10.00 each, set to trade on Nasdaq under the symbol BRPMU starting February 19, 2021. Each unit includes one share of Class A common stock and one-third of a redeemable warrant, with the warrants exercisable at $11.50 per share. The IPO aims to raise capital for business combinations. The offering is expected to close on February 23, 2021, and B. Riley Securities, Inc. serves as the sole book-running manager.
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.
