B Riley Financial, INC 8-K filings

B. Riley Financial names Scott Yessner as CFO, succeeding Phillip Ahn, while B. Riley Securities reports adjusted 2024 revenue of $217.7 million following its carve-out transaction.

B. Riley Financial received a notification from Nasdaq regarding non-compliance with listing rules due to the delayed filing of its 2024 Form 10-K.

B. Riley Financial completes a private exchange, issuing new 8.00% Senior Secured Second Lien Notes due 2028 and warrants for common stock to Holbrook Income Fund.

B. Riley Financial announces the carve-out of its investment banking subsidiary, B. Riley Securities (BRS), through a transaction with Cascadia Investments, establishing BRS as a separate entity with its own operating and governance structure.

B. Riley Financial announces the completion of the sale of Atlantic Coast Recycling, LLC for approximately $70 million in cash proceeds, expecting to record a gain of around $30 million in the first quarter.

B. Riley Financial, Inc. announced the closing of a $160 million credit facility and the issuance of warrants to purchase common stock to affiliates of Oaktree Capital Management, L.P.

B. Riley Financial announces preliminary estimates for Q4 2024, projecting net income available to common shareholders between $48 million and $68 million, driven by income from discontinued operations.

B. Riley Financial, Inc. has regained compliance with Nasdaq Listing Rule 5250(c)(1) following the filing of its delayed Third Quarter 10-Q report.

B. Riley Financial's subsidiaries have entered into a new $80 million credit agreement to refinance existing debt and for general corporate purposes.

B. Riley Financial has amended its credit agreement to extend the maturity date of term loans and allow for additional telecommunications financing.

B. Riley Financial received a second Nasdaq notification for delayed quarterly filings and is working to regain compliance by February 17, 2025.

B. Riley Financial and Oaktree Capital Management have partnered to launch the Great American Group as an independent business, specializing in valuation, appraisal, asset disposition, and real estate services.

B. Riley Financial has filed a notification of late filing for its Q3 2024 report, including some preliminary estimates.

B. Riley Financial expects to record an additional $120 million non-cash impairment related to its investment in Freedom VCM and a loan receivable after Franchise Group filed for bankruptcy.

B. Riley Financial and its subsidiary, bebe stores, inc., completed transactions for their brand assets, yielding approximately $236 million in cash proceeds.

B. Riley Financial revealed that its Chairman and Co-CEO, Bryant R. Riley, pledged more shares than previously disclosed, leading to an internal investigation and remedial actions.

B. Riley Financial has agreed to form a partnership with Oaktree Capital Management for its Great American Group businesses, receiving cash, preferred units, and common units in a new holding company.

B. Riley Financial amended its credit agreement, repaid $85.9 million of its term loan, terminated its revolving credit facility, and saw the resignation of its President, Kenny Young.

B. Riley Financial has received a notification from Nasdaq for failing to file its quarterly report on time, but the company is working to regain compliance.

B. Riley Financial reports a significant net loss for Q2 2024 due to non-cash losses primarily related to its investment in Franchise Group, leading to a suspension of the common dividend.

B. Riley Financial's 2024 annual meeting saw the election of nine directors and the ratification of Marcum LLP as the independent auditor.

B. Riley Financial reported a net loss of $51 million for the first quarter of 2024, primarily due to non-cash investment losses, while also declaring a quarterly dividend of $0.50 per share.

B. Riley Financial has regained compliance with Nasdaq listing rules after filing its delayed 2023 Annual Report.

B. Riley Financial released its 2023 annual report, which included the results of an independent investigation that cleared the company of any wrongdoing related to Brian Kahn.

B. Riley Financial's subsidiary, Targus International, experienced a cybersecurity incident resulting in temporary business disruptions, but the company does not expect a material impact on its overall financial condition.

B. Riley Financial has obtained an extension until April 29, 2024, to deliver its 2023 audited financial statements to its lenders due to a delay in filing its annual report.

B. Riley Financial received a notification from Nasdaq for failing to file its annual report on time, putting the company at risk of delisting.

B. Riley Financial has delayed the filing of its 2023 annual report due to an ongoing review of transactions with Brian Kahn.

B. Riley Financial reported a net loss for both the fourth quarter and full year 2023, despite a significant increase in total revenues for the year, and announced a 50% dividend reduction and a strategic review of its appraisal and asset disposition businesses.

B. Riley Financial has guaranteed up to $150 million in credit for Babcock & Wilcox Enterprises, securing a new loan agreement.