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 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".
FusionIQ has partnered with Ultimus Fund Solutions to introduce a digital investment platform for nearly 200 investment management firms. This solution combines traditional advisory services with a modern digital experience, allowing clients access to mutual funds on a self-directed basis, including fractional shares and robo-advisor models. The partnership aims to enhance distribution channels for advisors and improve client service offerings. Ultimus leads in offering a digital investment experience, supporting the growing demand for technology-driven wealth management solutions.
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.
B. Riley Financial (NASDAQ: RILY) announced a public offering of 870,000 common shares, with an option for underwriters to purchase additional shares. The offering aims to raise funds for general corporate purposes, including acquisitions and capital expenditures. The shares will be offered under a shelf registration statement effective since February 2020. The preliminary prospectus is available on the SEC's website. Participation interest from company insiders is noted, which may indicate confidence in the offering.
B. Riley Financial (RILY) announced preliminary estimates for Q4 and full year 2020, showcasing strong financial performance. Q4 net income is projected between $162M and $167M, translating to diluted earnings per share of $6.18 to $6.38. For full year 2020, net income is estimated at $196M to $201M, with earnings per share ranging from $7.20 to $7.39. Total adjusted EBITDA for Q4 is expected to be $253M to $260M, while full year adjusted EBITDA ranges from $399M to $407M. The company anticipates cash and investments to be approximately $1.3B by year-end.
