B.Riley (NASDAQ: RILY) stock price went through a major short-squeeze on Wednesday after the company published its delayed annual report.Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.It also announced the outcome of a long-running independent probe about its operations and involvement with Brian Khan, a hedge fund manager who suffered substantial losses at Prophesy Asset Management. In a statement, the company said that the independent probe came in ...

Audit Committee Independent Legal Counsel, Winston & Strawn LLP, Completes Investigation of Relationship Between the Company and Brian Kahn Independent Investigation Reaches Same Conclusion of Prior Internal Review Conducted by Sullivan & Cromwell LLP LOS ANGELES, April 23, 2024 /PRNewswire/ -- B. Riley Financial, Inc. (NASDAQ: RILY) ("B. Riley" or the "Company"), a diversified financial services platform, today announced the filing of its Annual Report on Form 10-K for the fiscal year ended December 31, ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________________________ FORM 10-K _____________________________________ (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 Or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-37503 _________________________________ ...

Ryan Adlington, veteran restructuring and turnaround expert, joins B. Riley as Senior Managing Director CALGARY, AB and LOS ANGELES, April 22, 2024 /PRNewswire/ -- B. Riley Farber, a wholly owned subsidiary of B. Riley Financial (NASDAQ: RILY) ("B. Riley"), is pleased to announce the addition of Ryan Adlington as Senior Managing Director, based in Calgary, Alberta. Ryan is an experienced restructuring and turnaround expert with more than 20 years of experience in restructuring, financial advisory, and inter ...

PASSAIC, N.J., April 19, 2024 /PRNewswire/ -- Atlantic Coast Recycling today announced the grand opening of its recycling processing facility in Passaic, New Jersey. The year-long redevelopment and construction of this industry-leading recycling plant was enabled by a $47 million capital commitment led by B. Riley Financial, Inc. (Nasdaq: RILY) alongside other strategic investors. With its state-of-the-art equipment and technology, the new plant is one of the country's most advanced facilities for both dual ...

kyoshino/E+ via Getty Images Thesis: Normally, I don't go anywhere near any company that has fraud allegations or any difficulty filing their required financial disclosures. B. Riley (NASDAQ:RILY) has both. On March 15th, RILY missed the 15-day grace period to file its 10-K. While this delay is concerning, there are some mitigating issues that should be pointed out. Plus, I believe the company has a reasonable explanation for the delay, and the filing should be coming soon. RILY's core business, BRS, B. ...

LOS ANGELES, March 22, 2024 /PRNewswire/ -- B. Riley Financial, Inc. (Nasdaq: RILY) (the "Company") announced it received an expected delinquency notification letter from Nasdaq on March 18, 2024 which indicated that the Company was not in compliance with Nasdaq Listing Rule 5250(c)(1) as a result of the delayed filing of the Company's Annual Report on Form 10-K for the year ended December 31, 2023 ("Annual Report"). The Nasdaq Listing Rule requires listed companies to timely file all required periodic fina ...

B. Riley Financial (NASDAQ:RILY) stock is falling on Monday after the company delayed its Form 10-K for 2023.A Form 12b-25 filing with the Securities and Exchange Commission (SEC) reveals that the company couldn’t have the filing ready by the Feb. 29 cutoff date. It contributes the delay one main factor.The first is an ongoing review by the B. Riley Financial Board of Directors’ Audit Committee. The group is also working with outside counsel on this review.This review concerns transactions between B. Riley ...

NEW YORK, March 12, 2024 (GLOBE NEWSWIRE) -- Wolf Popper LLP is investigating potential derivative claims on behalf of shareholders of B. Riley, Inc. ("B. Riley") (NASDAQ:RILY) against members of B. Riley's senior management and its Board of Directors concerning B. Riley's relationship with Brian Kahn, Chief Executive Officer of Franchise Group, Inc. ("FRG"). A derivative action seeks to recover damages on behalf of a corporation, and is different than the pending securities fraud class action seeking to re ...

Trung Pham/iStock via Getty Images I've been buying B. Riley Financial 2028 5.25% Senior Notes due 08/31/2028 (NASDAQ:RILYZ). The bonds pay a $1.3125 annual coupon and are trading at $13.67 per note, $11.33 below a $25 per note liquidation price. This means a 9.6% yield on cost for what's an absurdly undervalued 55 cents on the dollar. RILYZ's yield has never been higher, with the current conundrum driven by an abnormal short interest in bonds that has ramped up volatility and made B. Riley Financial (NASDA ...