The new company aims to combine with an established business with an aggregate enterprise value of approximately $300 million to $1 billion. B. Riley 150 is led by CEO and CFO Daniel Shribman and Chairman Bryant Riley.
Total SPAC deal count for 2021 year-to-date is now 155 with a total of $47.0 in proceeds raised. This offering is expected to close on Tuesday, February 23.
B. Riley Securities, Inc is serving as the sole book-running manager for this offering. White & Case LLP is serving as Issuer’s Counsel with Ellenoff, Grossman & Schole LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.