Nasdaq Compliance and Filing Delays - The company received an additional delinquency notification from Nasdaq on November 20, 2024, due to the delayed filing of its Quarterly Reports on Form 10-Q for the periods ended June 30, 2024, and September 30, 2024 [1] - Nasdaq requires listed companies to timely file all required periodic financial reports with the SEC, and this notification has no immediate effect on the company's securities listing [1] - The company must submit an updated plan to regain compliance by December 5, 2024, and if accepted, Nasdaq can grant an exception of up to 180 calendar days from the due date of the initial delinquent filing, or until February 17, 2025 [2] - The delays in quarterly filings were impacted by significant events and transactions completed in 2024, and the company expects to return to a normal filing cadence in 2025 [3] Company Overview - B Riley Financial is a diversified financial services company that provides tailored solutions to meet the strategic, operational, and capital needs of its clients and partners [4] - The company leverages cross-platform expertise to offer full-service, collaborative solutions across various stages of the business life cycle, including investment banking, institutional brokerage, private wealth and investment management, financial consulting, corporate restructuring, and more [4] - B Riley opportunistically invests to benefit its shareholders, and certain affiliates originate and underwrite senior secured loans for asset-rich companies [4]

The Great American Group to Leverage 30-Year Track Record to Provide Industry-Leading Valuation, Appraisal, Asset Disposition and Real Estate Services B. Riley to Recognize Gain of Approximately $235 Million on Transaction in Fourth Quarter 2024 ResultsLOS ANGELES, Nov. 18, 2024 /PRNewswire/ -- B. Riley Financial, Inc. (NASDAQ: RILY) ("B. Riley" or the "Company"), a diversified financial services company, and funds managed by Oaktree Capital Management, L.P. ("Oaktree"), today announced the launch of a part ...

Trading Focus and Industry Coverage - The trader engages in both long and short bets intraday and occasionally over the short- to medium term [1] - Historically focused on tech stocks but has expanded coverage to include the offshore drilling and supply industry as well as the shipping industry (tankers, containers, drybulk) over the past couple of years [1] - Closely monitors the nascent fuel cell industry [1] Background and Experience - Located in Germany and has a background as an auditor for PricewaterhouseCoopers before transitioning to day trading almost 20 years ago [2] - Successfully navigated significant market events including the dotcom bubble burst, the aftermath of the World Trade Center attacks, and the subprime crisis [2]

Enters into Agreement with Stifel Financial Corp. to Sell a Portion of Wealth Management BusinessLOS ANGELES, Nov. 1, 2024 /PRNewswire/ -- B. Riley Financial, Inc. (NASDAQ: RILY) ("B. Riley" or the "Company"), a diversified financial services company, today announced that it has signed a definitive agreement to sell a portion of its traditional (W-2) Wealth Management business to Stifel Financial Corp. (NYSE: SF) ("Stifel") for estimated net consideration of $27 million to $35 million in cash. The transacti ...

LOS ANGELES, Oct. 29, 2024 /PRNewswire/ -- B. Riley Financial, Inc. (NASDAQ: RILY) ("B. Riley" or the "Company"), a diversified financial services company, today announced it and its subsidiary bebe stores, inc. ("bebe") have completed a transaction for their brand assets yielding approximately $236 million in cash proceeds to B. Riley. At the closing of the transaction, B. Riley transferred and contributed its interests in the assets and intellectual property related to the licenses of several brands, incl ...

SAN DIEGO, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Johnson Fistel, LLP (www.johnsonfistel.com), a shareholder rights law firm, announces its continuing investigation of whether certain directors and officers of B. Riley Financial, Inc. (NASDAQ: RILY) breached their fiduciary duties to the company and its shareholders. What can I do?   If you are a current shareholder, you may have legal claims that may be brought on behalf of the company, against B. Riley’s directors and officers. If you wish to discuss this noti ...

Release Date: August 12, 2024 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Operating adjusted EBITDA is expected to be in the range of $50 million to $55 million, indicating consistent contribution from core businesses. The company is focused on maximizing value from existing principal positions and has a strategic review process for the Great American Group business. B. Riley Financial Inc (RILY, Financial) has a strong history of retu ...

SAN DIEGO, Oct. 02, 2024 (GLOBE NEWSWIRE) -- Johnson Fistel, LLP (www.johnsonfistel.com), a shareholder rights law firm, announces its continuing investigation of whether certain directors and officers of B. Riley Financial, Inc. (NASDAQ: RILY) breached their fiduciary duties to the company and its shareholders. What can I do? If you are a current shareholder, you may have legal claims that may be brought on behalf of the company, against B. Riley's directors and officers. If you wish to discuss this notice ...

SAN DIEGO, Sept. 23, 2024 (GLOBE NEWSWIRE) -- Johnson Fistel, LLP (www.johnsonfistel.com), a shareholder rights law firm, announces its continuing investigation of whether certain directors and officers of B. Riley Financial, Inc. (NASDAQ: RILY) breached their fiduciary duties to the company and its shareholders. What can I do? If you are a current shareholder, you may have legal claims that may be brought on behalf of the company, against B. Riley's directors and officers. If you wish to discuss this notic ...

Negotiating Sale of Majority Stake in Great American Group at $380 Million Enterprise Value and Financing of Brands Portfolio for $236 Million Anticipates Receiving Approximately $410 Million of Gross Cash Proceeds from Two Transactions Intends to Use Majority of Proceeds to Reduce Nomura Senior Secured Debt to Approximately $125 Million by End of 2024; Anticipates Using Cash on Hand and Proceeds from Other Asset Sales to Repay All 2025 Maturities Cumulative Actions, If Completed, Would Result in Strengthen ...