B. Riley Financial (RILY) Prices 1.3M Share Offering at $25/Sh

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Go back to B. Riley Financial (RILY) Prices 1.3M Share Offering at $25/Sh

B. Riley Financial Prices $32.5 Million Offering of Depositary Shares

September 1, 2020 5:36 PM EDT

LOS ANGELES, Sept. 1, 2020 /PRNewswire/ -- B. Riley Financial, Inc. (NASDAQ: RILY) ("B. Riley" or the "Company") today announced the pricing of its underwritten registered public offering of 1,300,000 depositary shares at an initial public offering price of $25.00 per depositary share, raising gross proceeds of $32.5 million before deducting underwriting discounts and other estimated offering expenses. Each depositary share represents a 1/1000th fractional interest in a share of the Company's 7.375% Series B Cumulative Perpetual Preferred Stock. Dividends on the Series B Preferred Stock underlying the depositary shares will be paid when... More