B. Riley Money Closes Upsized $65 Million Popular Inventory Providing Which includes Total Exercise of Underwriter Alternative

George T. Taft

The MarketWatch Information Department was not included in the creation of this material.

LOS ANGELES, Jan. 15, 2021 /PRNewswire by means of COMTEX/ —
LOS ANGELES, Jan. 15, 2021 /PRNewswire/ — B. Riley Economic, Inc. (NASDAQ: RILY) (“B. Riley” or the “Business”) currently declared that it has shut an underwritten registered public supplying of 1,413,045 shares of its frequent stock, which provided 184,310 shares issued in connection with the underwriter’s solution to obtain more shares, at a rate to the community of $46.00 for each share (the “Giving”), for gross proceeds of about $65. million, in advance of deducting underwriting reductions and commissions and approximated supplying costs payable by the Corporation. Specified of the Company’s officers, administrators and workers procured an mixture of 149,670 shares in the presenting at the public giving value.

The presenting resulted in web proceeds of close to $61.4 million following deducting underwriting special discounts and commissions, but ahead of bills. The Corporation expects to use the internet proceeds of this supplying for standard company functions, together with funding foreseeable future acquisitions and investments, creating money expenses and funding performing money.

B. Riley Securities, Inc. acted as sole book-working supervisor for the giving.

The NBD Team acted as authorized counsel to the Business. Duane Morris LLP acted as authorized counsel to the underwriter.

The shares of frequent stock were being made available underneath the Firm’s shelf registration assertion on Type S-3, which was declared helpful by the Securities and Trade Commission (“SEC”) on February 24, 2020. The providing was built only by indicates of a prospectus nutritional supplement and accompanying base prospectus.

Copies of the prospectus nutritional supplement and the accompanying base prospectus might be attained on the SEC’s web-site at www.sec.gov, or by making contact with B. Riley Securities by phone at (703) 312-9580, or by emailing [email protected]

This push release does not represent an supply to promote or the solicitation of an offer you to acquire, nor shall there be any sale of these securities in any condition or jurisdiction in which these give, sale or solicitation would not be permitted.

About B. Riley Money, Inc. (NASDAQ: RILY) B. Riley Economical, Inc. offers collaborative financial providers remedies customized to healthy the cash increasing, enterprise, operational, and economic advisory requirements of its shoppers and companions. B. Riley operates via a number of subsidiaries which supply a varied variety of complementary close-to-close abilities spanning investment banking and institutional brokerage, non-public prosperity and financial investment management, corporate advisory, restructuring, thanks diligence, forensic accounting, litigation assist, appraisal and valuation, and auction and liquidation providers. Sure registered affiliate marketers of B. Riley originate and underwrite senior secured loans for asset-rich corporations. B. Riley also will make proprietary investments in corporations and belongings with attractive return profiles.

Forward-On the lookout Statements Statements in this press launch that are not descriptions of historical specifics are ahead-searching statements that are centered on management’s present anticipations and assumptions and are subject to hazards and uncertainties. If these types of challenges or uncertainties materialize or such assumptions verify incorrect, our company, running final results, financial affliction and stock selling price could be materially negatively affected. You should not position undue reliance on these ahead-looking statements, which are based mostly on the facts at this time readily available to us and speak only as of the date of this push launch. Such forward hunting statements include, but are not constrained to, statements relating to the phrases and conditions and timing of the prevalent inventory featuring and the meant use of proceeds. Simply because these ahead-wanting statements contain recognised and not known hazards and uncertainties, there are crucial components that could cause precise effects, gatherings or developments to vary materially from people expressed or implied by these forward-looking statements. Elements that could cause real benefits to vary involve (with no limitation) the risk that the frequent inventory giving will not be consummated at the anticipated time, on the predicted terms, or at all and the Company’s economic performance and those people hazards described from time to time in B. Riley’s periodic filings with the SEC, which include, without having limitation, the threats explained in B. Riley’s Once-a-year Report on Kind 10-K for the yr finished December 31, 2019 underneath the captions “Hazard Things” and “Management’s Dialogue and Examination of Fiscal Ailment and Benefits of Functions.” Additional details is also established forth in our Quarterly Reports on Sort 10-Q for the quarters ended March 31, 2020, June 30, 2020 and September 30, 2020. These things should be regarded cautiously, and viewers are cautioned not to put undue reliance on such ahead-looking statements. All information and facts is recent as of the day this push launch is issued, and B. Riley undertakes no obligation to update this facts.

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Resource B. Riley Monetary


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The MarketWatch Information Section was not included in the development of this material.

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