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 ...

Core Viewpoint - B. Riley Financial's founder, chairman, and co-CEO, Bryant Riley, has proposed to acquire the outstanding shares of the company not currently owned by him, aiming to take the company private at a price of $7.00 per share [1][2]. Group 1 - The acquisition proposal is unsolicited, preliminary, and non-binding, dated August 16, 2024 [1]. - Mr. Riley plans to finance the transaction through debt and possibly equity from third-party capital providers [2]. - The transaction requires "majority of the minority" stockholder approval and is not subject to a financing condition [2]. Group 2 - The Board of Directors will form a Special Committee of independent directors to evaluate the proposal and decide on the next steps [3]. - There is no guarantee that the proposal will lead to a transaction, as the Board has not yet reviewed or evaluated the proposal [3][4]. Group 3 - B. Riley Financial is a diversified financial services platform offering tailored solutions across various sectors, including investment banking, private wealth management, and corporate restructuring [5]. - The company aims to provide comprehensive financial services and opportunistically invests to benefit its shareholders [5].

The feds have widened a probe of financial irregularities at B. Riley, sources told The Post — even as the struggling Wall Street firm suspended its dividend and warned on profits Monday, sending its stock tumbling more than 50%. Short sellers in June and July continued to deliver information on B. Riley to the Securities and Exchange Commission — and the SEC has asked them for additional material in a continuing probe, according to emails and texts reviewed by The Post. SEC investigators are interested in ...

B. Riley Financial (NASDAQ:RILY) stock is taking a beating on Monday after the financial services company provided its latest preliminary earnings results to investors. These preliminary results include a net loss per share of $14 to $15 per share. This is due to its net loss for the quarter coming in between $435 million and $475 million. These losses come as the company expects an impairment charge of $330 million to $370 million from its investment in Freedom VCM. It's also expecting an impairment charge ...

Market Overview - U.S. stocks showed mixed trading patterns, with the Nasdaq Composite gaining approximately 0.2% while the Dow fell by 0.39% to 39,341.75 and the S&P 500 dropped 0.02% to 5,342.9 [1] - Information technology shares increased by 1% on Friday, while real estate shares declined by 1.1% [1] Company Highlights - KE Holdings (BEKE) reported second-quarter financial results that exceeded expectations and announced an increase in its repurchase authorization [1] - Greenlane Holdings, Inc. (GNLN) saw its shares surge by 220% to $8.17 after announcing a non-binding letter of intent to become the exclusive U.S. distributor of Safety Strips [2] - Revance Therapeutics, Inc. (RVNC) shares rose by 86% to $6.57 following a merger agreement with Crown Laboratories [2] - Interactive Strength Inc. (TRNR) shares increased by 58% to $0.55 after receiving approval for continued listing on the Nasdaq [2] Declining Companies - B. Riley Financial, Inc. (RILY) shares plummeted by 56% to $7.52 after reporting preliminary second-quarter financial results [3] - Neuronetics, Inc. (STIM) shares fell by 55% to $0.79 due to worse-than-expected second-quarter results and lower third-quarter revenue guidance [3] - iLearningEngines, Inc. (AILE) shares decreased by 40% to $3.46 ahead of its second-quarter financial results announcement [3]