B. Riley Financial Announces Proposed $100M Public Offering Of Common Stock
Portfolio Pulse from Benzinga Newsdesk
B. Riley Financial, Inc. (NASDAQ:RILY) has announced a proposed public offering of $100 million of its common stock. The company's Co-CEOs have indicated an interest to purchase up to $4.5 million of shares in this offering. B. Riley Securities is acting as the sole book-running manager for the offering.
July 25, 2023 | 8:26 pm
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NEUTRAL IMPACT
B. Riley Financial's proposed public offering of $100 million of its common stock could potentially dilute existing shares, but the interest from Co-CEOs in purchasing shares may offset this.
Public offerings often lead to share dilution, which can negatively impact the stock price. However, the interest from the Co-CEOs in purchasing shares indicates confidence in the company's future, which could offset potential negative impacts.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100