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.

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.

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." 

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.