B. Riley Financial, Inc. (NASDAQ:RILY) Files An 8-K Regulation FD Disclosure
Item 7.01
| Regulation FD Disclosure. |
On May 23, 2017, B. Riley Financial, Inc. (the Company) issued a
press release announcing the commencement of its public offering
of $25,000,000 aggregate principal amount of senior notes due
2027. The Company expects to grant the underwriters a 30-day
option to purchase up to an additional $3,750,000 aggregate
principal amount of senior notes in connection with the offering
solely to cover overallotments. A copy of the press release is
attached hereto as Exhibit 99.1.
In addition, in connection with the public offering, the Company
will be making road show presentations to certain existing and
potential securityholders of the Company. The road show materials
are attached hereto as Exhibit 99.2.
This Current Report on Form 8-K (and the exhibits attached
hereto) may contain forward-looking statements as defined by the
Private Securities Litigation Reform Act of 1995 or by the U.S.
Securities and Exchange Commission (the SEC) in its rules,
regulations and releases. These statements include, but are not
limited to, the Companys plans, objectives, expectations and
intentions regarding the performance of its business, the terms
and conditions and timing of the senior notes offering, the
consummation of the FBR Co. acquisition, the consummation of the
Wunderlich Investment Co., Inc. acquisition, the intended use of
proceeds of the senior notes offering and other non-historical
statements. These statements can be identified by the use of
words such as believes anticipates, expects, intends, plans,
continues, estimates, predicts, projects, forecasts, and similar
expressions. All forward looking statements are based on
managements current expectations and beliefs only as of the date
of this report and are subject to risks, uncertainties and
assumptions that could cause actual results to differ materially
from those discussed in, or implied by, the forward-looking
statements, including the risks identified and discussed from
time to time in the Companys reports filed with the SEC,
including the Companys most recent Annual Report on Form 10-K.
Readers are strongly encouraged to review carefully the full
cautionary statements described in these reports. Except as
required by law, the Company undertakes no obligation to revise
or update publicly any forward-looking statements to reflect
events or circumstances after the date of this report, or to
reflect the occurrence of unanticipated events or circumstances.
| Item 9.01 | Financial Statements and Exhibits |
(d)Exhibits
| 99.1 | Press release, dated May 23, 2017. |
| 99.2 | Road Show Materials. |
About B. Riley Financial, Inc. (NASDAQ:RILY)
B. Riley Financial, Inc. provides collaborative financial services and solutions through several subsidiaries, including: B. Riley & Co. LLC, a investment bank which provides corporate finance, research, and sales and trading to corporate, institutional and high net worth individual clients; Great American Group, LLC, a provider of advisory and valuation services, asset disposition and auction solutions, and commercial lending services; B. Riley Capital Management, LLC, an Investment Advisor, which includes B. Riley Asset Management, a provider of investment products to institutional and high net worth investors, and B. Riley Wealth Management (formerly MK Capital Advisors), a multi-family office practice and wealth management firm focused on the needs of ultra-high net worth individuals and families; and Great American Capital Partners, LLC, a provider of senior secured loans and second lien secured loan facilities to middle market public and private United States companies. B. Riley Financial, Inc. (NASDAQ:RILY) Recent Trading Information
B. Riley Financial, Inc. (NASDAQ:RILY) closed its last trading session up +0.10 at 13.95 with 74,589 shares trading hands.
