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 (RILY) Announces Offering of Depositary Shares and Series B Cumulative Perpetual Preferred Stock

September 1, 2020 7:45 AM EDT

B. Riley Financial, Inc. (NASDAQ: RILY) ("B. Riley" or the "Company") today announced it has commenced an underwritten registered public offering of depositary shares, each representing 1/1000th fractional interest in a share of the Company's Series B Cumulative Perpetual Preferred Stock, with a liquidation preference equivalent to $25.00 per depositary share, subject to market and certain other conditions. The Company expects to grant the... More