The new SPAC aims to combine with an established company that has an enterprise of at least $800 million and is under-performing its potential due to a temporary dislocation in the markets. B. Riley is led by CEO and CFO Daniel Shribman, and Chairman Bryant Riley.
Total SPAC deal count for 2021 year-to-date is now 315. This offering is expected to close on Tuesday, May 11.
B. Riley Securities is acting as the sole book-running manager of the 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.