NasdaqGM - Nasdaq Real Time Price • USD B. Riley Financial, Inc. (RILY) Follow Add holdings 2.9450 +0.0200 +(0.68%) At close: May 23 at 4:00:01 PM EDT 2.9799 +0.03 +(1.19%) After hours: May 23 at 7:33:22 PM EDT All News Press Releases SEC Filings B. Riley Financial Announces Private Bond Exchange to Reduce Debt by Approximately $46 Million B. Riley Financial, Inc. (NASDAQ: RILY) ("BRF" or the "Company"), a diversified financial services company, today announced it has entered into a privately negotiated exchange agreement (the "Agreement") with an institutional investor, which will reduce the Company's total outstanding debt by approximately $46 million. B. Riley Financial Announces CFO Transition B. Riley Financial, Inc. (NASDAQ: RILY) ("B. Riley" or the "Company"), a diversified financial services company, today announced that Scott Yessner has been appointed Chief Financial Officer, effective June 3, 2025. Mr. Yessner, who has served as a strategic advisor for B. Riley Financial for the past two months, will succeed Phillip Ahn, who is departing to pursue another opportunity. Stifel Closes Acquisition of B. Riley’s Wealth Unit Stifel Financial said this week that it has concluded the acquisition of the employee-advisor channel of troubled financial-services firm B. Riley Financial. St. Louis-based Stifel says it has brought on 36 advisors managing about $4 billion in client assets through the deal. “We are very excited to welcome our new colleagues from B. Riley,” says Stifel Chairman and CEO Ronald Kruszewski. B. Riley Financial Announces Private Bond Exchange to Reduce Debt by Approximately $12 Million B. Riley Financial, Inc. (NASDAQ: RILY) ("BRF" or the "Company"), a diversified financial services company, today announced it has entered into a privately negotiated exchange agreement (the "Agreement") with an institutional investor, which will reduce the Company's total outstanding debt by approximately $12 million. B. Riley receives Nasdaq notice over annual report delay While the notice has no immediate effect on B. Riley's listing, the Nasdaq has informed the company that it must submit a plan by June 2 to address how it intends to regain compliance with listing rules. The company's annual report was due on March 17. B. Riley Financial Announces Notification of Delinquency with Nasdaq B. Riley Financial, Inc. (Nasdaq: RILY) (the "Company") today announced it received an expected delinquency notification letter from Nasdaq on April 3, 2025, 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 Full Year Report on Form 10-K for the year ended December 31, 2024. B. Riley Financial Announces Private Bond Exchange to Reduce Debt by Approximately $35 Million B. Riley Financial, Inc. (NASDAQ: RILY) ("BRF" or the "Company"), a diversified financial services company, today announced it has entered into a privately negotiated exchange agreement (the "Agreement") with an institutional investor, which will reduce the Company's total outstanding debt by approximately $35 million. B. Riley Financial Announces Carve Out Transaction with B. Riley Securities B. Riley Financial, Inc. (NASDAQ: RILY) ("B. Riley," the "Company" or "BRF"), a diversified financial services company, today announced that a formerly wholly-owned subsidiary of the Company has merged with Cascadia Investments, Inc. (OTC: CDIV) ("Cascadia"), a shell entity, as a result of which certain investors in Cascadia became minority stockholders of BRF's investment banking subsidiary, B. Riley Securities ("BRS"). B. Riley Financial Inc (RILY) Q4 2024 Earnings Call Highlights: Strategic Moves and Financial ... Despite significant strategic initiatives, B. Riley Financial Inc (RILY) faces financial hurdles with a reported net loss and substantial debt. B. Riley co-founder pulls proposal to take investment bank private "There remains substantial potential in our business, and with the steps we've taken to improve our balance sheet, I believe shareholders should have an opportunity to participate in this recovery," Riley said on a call with investors. The non-binding, take-private offer had come amid turmoil arising from the bank's association with Vitamin Shoppe-owner Franchise Group, which drew attention from both investors and regulators. The investment bank will focus on growing its broker-dealer and wealth management business, while working towards improving its balance sheet. B. Riley Financial Releases Preliminary Estimates of Unaudited Fourth Quarter 2024 Financial Results B. Riley Financial, Inc. (NASDAQ: RILY) ("B. Riley" or the "Company"), a diversified financial services company, today released preliminary estimates of financial results for the three-month period ending December 31, 2024. The estimated financial results provide a range that are unaudited and subject to completion of the ongoing audit of the Company's annual financial statements. B. Riley Financial Announces Sale of Atlantic Coast Recycling, LLC for $70 Million in Cash Proceeds B. Riley Financial, Inc. (NASDAQ: RILY) ("B. Riley" or the "Company"), a diversified financial services company, today announced it has completed the sale of Atlantic Coast Recycling, LLC for approximately $70 million in cash proceeds. The Company expects to record a gain of approximately $30 million on the sale in the first quarter. B. Riley Financial announces $160M debt financing provided by Oaktree Earlier, B. Riley Financial (RILY) announced that it has entered into a new $160 million senior secured debt facility provided by funds managed by Oaktree Capital Management. B. Riley used approximately $118 million to retire the outstanding debt under its Nomura Senior Secured Credit Agreement and the rest for working capital, including up to $35 million in respect of its portion of the loan and investment in the joint venture overseeing the liquidation of JOANN, the fabric and crafts retailer B. Riley Financial Completes Redemption of 6.375% Senior Notes due 2025 B. Riley Financial, Inc. (NASDAQ: RILY) ("B. Riley" or the "Company"), a diversified financial services company, today announced that it has completed the redemption procedures of all the issued and outstanding 6.375% Senior Notes due February 28, 2025 (NASDAQ: RILYM) (the "Notes"). Why B. Riley Financial's Stock Is Soaring Today Shares of the investment bank B. Riley Financial (NASDAQ: RILY) had exploded nearly 19% higher at 10:30 a.m. ET today after the company announced that it had secured new debt financing. It's been a tumultuous few years for B. Riley, which has been the subject of multiple short reports and an investigation by the Securities and Exchange Commission (SEC). B. Riley had to delay submitting SEC filings. B. Riley Financial Announces $160 Million Debt Financing Provided by Oaktree B. Riley Financial, Inc. (NASDAQ: RILY) ("B. Riley" or the "Company"), a diversified financial services company, today announced that it has entered into a new $160 million senior secured debt facility ("Term Loan Facility") provided by funds managed by Oaktree Capital Management, L.P. ("Oaktree"). B. Riley Financial Regains Compliance with Nasdaq Listing Rule 5250 (c)(1) B. Riley Financial, Inc. (NASDAQ: RILY) ("B. Riley" or the "Company"), a diversified financial services company, today announced that the Company has regained compliance with Nasdaq Listing Rule 5250(c)(1) in connection with the filing of its Third Quarter 10-Q. B. Riley jumps ahead of Q4 update, capital allocation details Shares of B. Riley Financial (RILY) are moving higher after the company announced it will release preliminary Q4 financial results after market close on Monday, March 3. The company also announced the filing of its quarterly report for the three-month period ended September 30, 2024, or Q3. With the filing, B. Riley expects to regain compliance with Nasdaq. Bryant Riley, Chairman and Co-Chief Executive Officer, commented: “We look forward to providing investors with a broader update when we host B. Riley Financial to Report Preliminary Fourth Quarter 2024 Results and Host Update Call for Investors on Monday, March 3rd B. Riley Financial, Inc. (NASDAQ: RILY) ("B. Riley" or the "Company"), a diversified financial services company, today announced it will release preliminary financial results for the fourth quarter ended December 31, 2024 after market close on Monday, March 3, 2025. B. Riley Securities to Host Precision Oncology & Radiopharma Investor Conference in New York on February 28, 2025 B. Riley Securities, Inc. ("B. Riley"), a preeminent middle market investment bank, will be hosting its Precision Oncology & Radiopharma Investor Conference on Friday, February 28th in New York. Performance Overview Trailing total returns as of 5/23/2025, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC) Return RILY S&P 500 (^GSPC) YTD -35.84% -1.34% 1-Year -90.34% +10.16% 3-Year -92.86% +46.03%