2023-07-26 07:27:06 ET
- Financial services platform B. Riley Financial ( NASDAQ: RILY ) said on Wednesday that it has priced an ~$100M underwritten public offering of 1.8M shares at $55.00 per share.
- The company said certain of its officers, directors and employees have agreed to purchase ~$7M shares at the public offering price.
- Also, B. Riley has granted the underwriter a 30-day option to purchase up to an additional 272.7K shares in connection with the offering.
- The offering is expected to close on July 28.
- RILY shares were trading -2.98% pre-market.
- Source: Press Release
For further details see:
B. Riley Financial prices ~$100M underwritten public offering of shares