- Greenspring Fund Inc Buys DuPont de Nemours Inc, Dun & Bradstreet Holdings Inc, CMS Energy ...
Dec 9, 2021
Investment company Greenspring Fund Inc (Current Portfolio) buys DuPont de Nemours Inc, Dun & Bradstreet Holdings Inc, CMS Energy Corp, Flame Acquisition Corp, Osiris Acquisition Corp, sells Americold Realty Trust, Pentair PLC, Eversource Energy, Iron Spark I Inc, Idacorp Inc during the 3-months ended 2021Q3, according to the most recent filings of the investment company, Greenspring Fund Inc. As of 2021Q3, Greenspring Fund Inc owns 124 stocks with a total value of $140 million. These are the details of the buys and sells.
New Purchases: DNB, OSI, PCPC, DRAY, BRIV, ADF, PSPC, GIW, AGGR, GSQB, MBAC, EGGF, AFAQ, LITT, SKYA, AAQC, CLBR, SPTK, MIT, GGMC, Added Positions: DD, CMS, FLME, TMUS, TMKR, KSI, PUCK, GLHA, GAMC, MACQ, NBST, ADRA, LVRA, Reduced Positions: COLD, SHW, SPCX, WH, IDA, ZD, RSG, CSCO, MDH.U, ZNTE, XPOA, EPWR, Sold Out: PNR, ES, ISAA, HCCC, LEGO, BWAC, FSLR, GIG, VELO, LNFA, CENHU, YSAC, MTAC, DWIN, PPGH, LJAQ, BREZ, PFDRU, FSII, GIIXU, GSEVU, LIII.U, ALTU, ENVI, ENVI, FORE, DEH,
Warning! GuruFocus has detected 8 Warning Signs with DD. Click here to check it out. DD 15-Year Financial Data The intrinsic value of DD Peter Lynch Chart of DD
For the details of Greenspring Fund's stock buys and sells,
go to https://www.gurufocus.com/guru/greenspring+fund/current-portfolio/portfolio
These are the top 5 holdings of Greenspring Fund
Republic Services Inc (RSG) - 103,592 shares, 8.86% of the total portfolio. Shares reduced by 1.18% Alphabet Inc (GOOG) - 3,080 shares, 5.85% of the total portfolio. Ziff Davis Inc (ZD) - 55,157 shares, 5.37% of the total portfolio. Shares reduced by 2.18% KBR Inc (KBR) - 190,484 shares, 5.35% of the total portfolio. Primis Financial Corp (FRST) - 365,220 shares, 3.76% of the total portfolio. Shares reduced by 0.09%
New Purchase: Dun & Bradstreet Holdings Inc (DNB)
Greenspring Fund Inc initiated holding in Dun & Bradstreet Holdings Inc. The purchase prices were between $16.7 and $21.83, with an estimated average price of $19.07. The stock is now traded at around $19.060000. The impact to a portfolio due to this purchase was 1.07%. The holding were 89,285 shares as of 2021-09-30.
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New Purchase: Osiris Acquisition Corp (OSI)
Greenspring Fund Inc initiated holding in Osiris Acquisition Corp. The purchase prices were between $9.59 and $9.82, with an estimated average price of $9.67. The stock is now traded at around $9.710000. The impact to a portfolio due to this purchase was 0.31%. The holding were 44,942 shares as of 2021-09-30.
New Purchase: Periphas Capital Partnering Corp (PCPC)
Greenspring Fund Inc initiated holding in Periphas Capital Partnering Corp. The purchase prices were between $24.08 and $24.69, with an estimated average price of $24.23. The stock is now traded at around $24.360000. The impact to a portfolio due to this purchase was 0.26%. The holding were 15,008 shares as of 2021-09-30.
New Purchase: Macondray Capital Acquisition Corp I (DRAY)
Greenspring Fund Inc initiated holding in Macondray Capital Acquisition Corp I. The purchase prices were between $9.61 and $10.1, with an estimated average price of $9.76. The stock is now traded at around $9.860000. The impact to a portfolio due to this purchase was 0.22%. The holding were 31,101 shares as of 2021-09-30.
New Purchase: B. Riley Principal 250 Merger Corp (BRIV)
Greenspring Fund Inc initiated holding in B. Riley Principal 250 Merger Corp. The purchase prices were between $0 and $9.77, with an estimated average price of $9.51. The stock is now traded at around $9.740000. The impact to a portfolio due to this purchase was 0.2%. The holding were 28,384 shares as of 2021-09-30.
New Purchase: Aldel Financial Inc (ADF)
Greenspring Fund Inc initiated holding in Aldel Financial Inc. The purchase prices were between $9.68 and $10.09, with an estimated average price of $9.91. The stock is now traded at around $10.660000. The impact to a portfolio due to this purchase was 0.13%. The holding were 18,560 shares as of 2021-09-30.
Added: DuPont de Nemours Inc (DD)
Greenspring Fund Inc added to a holding in DuPont de Nemours Inc by 223.13%. The purchase prices were between $67.35 and $79.55, with an estimated average price of $73.87. The stock is now traded at around $78.260000. The impact to a portfolio due to this purchase was 1.64%. The holding were 49,196 shares as of 2021-09-30.
Added: CMS Energy Corp (CMS)
Greenspring Fund Inc added to a holding in CMS Energy Corp by 34.61%. The purchase prices were between $58.86 and $65.61, with an estimated average price of $62.4. The stock is now traded at around $61.880000. The impact to a portfolio due to this purchase was 0.4%. The holding were 36,172 shares as of 2021-09-30.
Added: Flame Acquisition Corp (FLME)
Greenspring Fund Inc added to a holding in Flame Acquisition Corp by 578.05%. The purchase prices were between $9.58 and $9.77, with an estimated average price of $9.67. The stock is now traded at around $9.750000. The impact to a portfolio due to this purchase was 0.35%. The holding were 58,990 shares as of 2021-09-30.
Added: Tastemaker Acquisition Corp (TMKR)
Greenspring Fund Inc added to a holding in Tastemaker Acquisition Corp by 143.71%. The purchase prices were between $9.69 and $9.86, with an estimated average price of $9.76. The stock is now traded at around $9.850000. The impact to a portfolio due to this purchase was 0.17%. The holding were 39,237 shares as of 2021-09-30.
Added: Kadem Sustainable Impact Corp (KSI)
Greenspring Fund Inc added to a holding in Kadem Sustainable Impact Corp by 117.07%. The purchase prices were between $9.6 and $9.74, with an estimated average price of $9.64. The stock is now traded at around $9.740000. The impact to a portfolio due to this purchase was 0.15%. The holding were 38,674 shares as of 2021-09-30.
Added: Goal Acquisitions Corp (PUCK)
Greenspring Fund Inc added to a holding in Goal Acquisitions Corp by 59.83%. The purchase prices were between $9.59 and $9.72, with an estimated average price of $9.66. The stock is now traded at around $9.760000. The impact to a portfolio due to this purchase was 0.11%. The holding were 41,796 shares as of 2021-09-30.
Sold Out: Pentair PLC (PNR)
Greenspring Fund Inc sold out a holding in Pentair PLC. The sale prices were between $67.45 and $80.3, with an estimated average price of $74.56.
Sold Out: Eversource Energy (ES)
Greenspring Fund Inc sold out a holding in Eversource Energy. The sale prices were between $79.86 and $92.62, with an estimated average price of $86.81.
Sold Out: Iron Spark I Inc (ISAA)
Greenspring Fund Inc sold out a holding in Iron Spark I Inc. The sale prices were between $9.85 and $10.06, with an estimated average price of $9.94.
Sold Out: Healthcare Capital Corp (HCCC)
Greenspring Fund Inc sold out a holding in Healthcare Capital Corp. The sale prices were between $9.63 and $9.89, with an estimated average price of $9.81.
Sold Out: Legato Merger Corp (LEGO)
Greenspring Fund Inc sold out a holding in Legato Merger Corp. The sale prices were between $9.98 and $11.73, with an estimated average price of $10.71.
Sold Out: Better World Acquisition Corp (BWAC)
Greenspring Fund Inc sold out a holding in Better World Acquisition Corp. The sale prices were between $9.97 and $10.08, with an estimated average price of $10.03.
Here is the complete portfolio of Greenspring Fund. Also check out:
1. Greenspring Fund's Undervalued Stocks
2. Greenspring Fund's Top Growth Companies, and
3. Greenspring Fund's High Yield stocks
4. Stocks that Greenspring Fund keeps buyingThis article first appeared on GuruFocus.
- B. Riley Principal 250 Merger Corp. Announces Separate Trading of its Common Stock and Warrants, Commencing June 28, 2021
Jun 24, 2021
NEW YORK, June 24, 2021 /PRNewswire/ -- B. Riley Principal 250 Merger Corp. (the "Company") (NASDAQ: BRIVU, BRIVW, BRIV), a special purpose acquisition company sponsored by an affiliate of B. Riley Financial, Inc. (NASDAQ: RILY), today announced that, commencing June 28, 2021, the holders of the Company's units (the "Units") may elect to separately trade the shares of Class A common stock (the "Common Stock") and warrants (the "Warrants") included in the Units.
The Common Stock and Warrants resulting from the unit separation will trade on the Nasdaq Stock Market LLC ("Nasdaq") under the symbols "BRIV" and "BRIVW", respectively. Units that are not separated will continue to trade on the Nasdaq under the symbol "BRIVU". No fractional Warrants will be issued upon separation of the Units and only whole Warrants will trade. Holders of Units will need to have their brokers contact Continental Stock Transfer & Trust Company, the Company's transfer agent, in order to separate the Units into Common Stock and Warrants.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
The offering of the Units was made only by means of a prospectus, copies of which may be obtained from B. Riley Securities, Inc. at 299 Park Avenue, New York, New York 10171, by telephone at (800) 846-5050 or by email at prospectuses@brileyfin.com.
About B. Riley Principal 250 Merger Corp. B. Riley Principal 250 Merger Corp. is a blank check company incorporated as a Delaware corporation whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or other similar business combination with one or more businesses. While the Company may pursue an initial business combination target in any industry or geographic region, it intends to focus on established businesses that have an aggregate enterprise value of approximately $800 million to $2 billion. The Company will seek to capitalize on the significant experience of its management team in consummating an initial business combination with the ultimate goal of pursuing attractive returns for shareholders. The Company is sponsored by an affiliate of B. Riley Financial, Inc. (NASDAQ: RILY). Visit https://brileyfin.com/principal250mergercorp/ for more information.
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Cautionary Note Concerning Forward-Looking Statements This press release contains statements that constitute "forward-looking statements," including with respect to the initial public offering and search for an initial business combination. No assurance can be given that the proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's registration statement and prospectus for the initial public offering filed with the SEC. Copies are available on the SEC's website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Contacts
Investors: Dan Shribman
dshribman@brileyfin.com
(212) 457-3300
Media: Jo Anne McCusker
jmccusker@brileyfin.com
(646) 885-5425 Cision
View original content:http://www.prnewswire.com/news-releases/b-riley-principal-250-merger-corp-announces-separate-trading-of-its-common-stock-and-warrants-commencing-june-28-2021-301319766.html
SOURCE B. Riley Principal 250 Merger Corp.
- B. Riley Principal 250 Merger Corp. Announces Separate Trading of its Common Stock and Warrants, Commencing June 28, 2021
Jun 24, 2021
NEW YORK, June 24, 2021 /PRNewswire/ -- B. Riley Principal 250 Merger Corp. (the "Company") (NASDAQ: BRIVU, BRIVW, BRIV), a special purpose acquisition company sponsored by an affiliate of B. Riley Financial, Inc. (NASDAQ: RILY), today announced that, commencing June 28, 2021, the holders of the Company's units (the "Units") may elect to separately trade the shares of Class A common stock (the "Common Stock") and warrants (the "Warrants") included in the Units.
The Common Stock and Warrants resulting from the unit separation will trade on the Nasdaq Stock Market LLC ("Nasdaq") under the symbols "BRIV" and "BRIVW", respectively. Units that are not separated will continue to trade on the Nasdaq under the symbol "BRIVU". No fractional Warrants will be issued upon separation of the Units and only whole Warrants will trade. Holders of Units will need to have their brokers contact Continental Stock Transfer & Trust Company, the Company's transfer agent, in order to separate the Units into Common Stock and Warrants.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
The offering of the Units was made only by means of a prospectus, copies of which may be obtained from B. Riley Securities, Inc. at 299 Park Avenue, New York, New York 10171, by telephone at (800) 846-5050 or by email at prospectuses@brileyfin.com.
About B. Riley Principal 250 Merger Corp. B. Riley Principal 250 Merger Corp. is a blank check company incorporated as a Delaware corporation whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or other similar business combination with one or more businesses. While the Company may pursue an initial business combination target in any industry or geographic region, it intends to focus on established businesses that have an aggregate enterprise value of approximately $800 million to $2 billion. The Company will seek to capitalize on the significant experience of its management team in consummating an initial business combination with the ultimate goal of pursuing attractive returns for shareholders. The Company is sponsored by an affiliate of B. Riley Financial, Inc. (NASDAQ: RILY). Visit https://brileyfin.com/principal250mergercorp/ for more information.
Story continues
Cautionary Note Concerning Forward-Looking Statements This press release contains statements that constitute "forward-looking statements," including with respect to the initial public offering and search for an initial business combination. No assurance can be given that the proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's registration statement and prospectus for the initial public offering filed with the SEC. Copies are available on the SEC's website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Contacts
Investors: Dan Shribman
dshribman@brileyfin.com
(212) 457-3300
Media: Jo Anne McCusker
jmccusker@brileyfin.com
(646) 885-5425 Cision
View original content:http://www.prnewswire.com/news-releases/b-riley-principal-250-merger-corp-announces-separate-trading-of-its-common-stock-and-warrants-commencing-june-28-2021-301319766.html
SOURCE B. Riley Principal 250 Merger Corp.
- B. Riley Principal 250 Merger Corp. Closes Full Exercise of IPO Overallotment Option
Jun 17, 2021
NEW YORK, June 17, 2021 /PRNewswire/ -- B. Riley Principal 250 Merger Corp. (the "Company") (NASDAQ: BRIVU, BRIVW, BRIV), a special purpose acquisition company sponsored by an affiliate of B. Riley Financial, Inc. (NASDAQ: RILY), today announced that on June 14, 2021, the underwriters of its previously announced initial public offering of units consisting of one share of Class A common stock of the Company, par value $0.0001 per share (the "Class A Common Stock"), and one-third of one redeemable warrant of the Company (each, a "Warrant"), each whole Warrant entitling the holder thereof to purchase one share of Class A Common Stock for $11.50 per share, exercised their option to purchase an additional 2,250,000 shares at the public offering price of $10.00 per share, resulting in additional gross proceeds of approximately $22.5 million.
After giving effect to the full exercise of the overallotment option, the total number of shares sold in the public offering increased to 17,250,000 shares and gross proceeds into the trust increased to approximately $172.5 million. On June 14, 2021, simultaneously with the underwriters' exercise of the overallotment option, the Company consummated a private sale of an additional 45,000 private placement units to B. Riley Principal 250 Sponsor Co., LLC, the sponsor, at a purchase price of $10.00 per private placement unit, generating gross proceeds of $450,000.
B. Riley Securities, Inc. acted as the sole book-running manager for the offering.
The offering was made by means of a prospectus. Copies of the prospectus relating to this offering may be obtained from B. Riley Securities, Inc. at 299 Park Avenue, New York, New York 10171, by telephone at (800) 846-5050 or by email at prospectuses@brileyfin.com.
A registration statement relating to these securities was declared effective by the U.S. Securities and Exchange Commission (the "SEC"). This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Story continues
About B. Riley Principal 250 Merger Corp. B. Riley Principal 250 Merger Corp. is a blank check company incorporated as a Delaware corporation whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or other similar business combination with one or more businesses. While the Company may pursue an initial business combination target in any industry or geographic region, it intends to focus on established businesses that have an aggregate enterprise value of approximately $800 million to $2 billion. The Company will seek to capitalize on the significant experience of its management team in consummating an initial business combination with the ultimate goal of pursuing attractive returns for shareholders. The Company is sponsored by an affiliate of B. Riley Financial, Inc. (NASDAQ: RILY). Visit https://brileyfin.com/principal250mergercorp/ for more information.
Contacts
Investors:
Dan Shribman
dshribman@brileyfin.com
(212) 457-3300
Media:
Jo Anne McCusker
jmccusker@brileyfin.com
(646) 885-5425 Cision
View original content:http://www.prnewswire.com/news-releases/b-riley-principal-250-merger-corp-closes-full-exercise-of-ipo-overallotment-option-301314472.html
SOURCE B. Riley Principal 250 Merger Corp.
- B. Riley Principal 250 Merger Corp. Closes Full Exercise of IPO Overallotment Option
Jun 17, 2021
NEW YORK, June 17, 2021 /PRNewswire/ -- B. Riley Principal 250 Merger Corp. (the "Company") (NASDAQ: BRIVU, BRIVW, BRIV), a special purpose acquisition company sponsored by an affiliate of B. Riley Financial, Inc. (NASDAQ: RILY), today announced that on June 14, 2021, the underwriters of its previously announced initial public offering of units consisting of one share of Class A common stock of the Company, par value $0.0001 per share (the "Class A Common Stock"), and one-third of one redeemable warrant of the Company (each, a "Warrant"), each whole Warrant entitling the holder thereof to purchase one share of Class A Common Stock for $11.50 per share, exercised their option to purchase an additional 2,250,000 shares at the public offering price of $10.00 per share, resulting in additional gross proceeds of approximately $22.5 million.
After giving effect to the full exercise of the overallotment option, the total number of shares sold in the public offering increased to 17,250,000 shares and gross proceeds into the trust increased to approximately $172.5 million. On June 14, 2021, simultaneously with the underwriters' exercise of the overallotment option, the Company consummated a private sale of an additional 45,000 private placement units to B. Riley Principal 250 Sponsor Co., LLC, the sponsor, at a purchase price of $10.00 per private placement unit, generating gross proceeds of $450,000.
B. Riley Securities, Inc. acted as the sole book-running manager for the offering.
The offering was made by means of a prospectus. Copies of the prospectus relating to this offering may be obtained from B. Riley Securities, Inc. at 299 Park Avenue, New York, New York 10171, by telephone at (800) 846-5050 or by email at prospectuses@brileyfin.com.
A registration statement relating to these securities was declared effective by the U.S. Securities and Exchange Commission (the "SEC"). This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Story continues
About B. Riley Principal 250 Merger Corp. B. Riley Principal 250 Merger Corp. is a blank check company incorporated as a Delaware corporation whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or other similar business combination with one or more businesses. While the Company may pursue an initial business combination target in any industry or geographic region, it intends to focus on established businesses that have an aggregate enterprise value of approximately $800 million to $2 billion. The Company will seek to capitalize on the significant experience of its management team in consummating an initial business combination with the ultimate goal of pursuing attractive returns for shareholders. The Company is sponsored by an affiliate of B. Riley Financial, Inc. (NASDAQ: RILY). Visit https://brileyfin.com/principal250mergercorp/ for more information.
Contacts
Investors:
Dan Shribman
dshribman@brileyfin.com
(212) 457-3300
Media:
Jo Anne McCusker
jmccusker@brileyfin.com
(646) 885-5425 Cision
View original content:http://www.prnewswire.com/news-releases/b-riley-principal-250-merger-corp-closes-full-exercise-of-ipo-overallotment-option-301314472.html
SOURCE B. Riley Principal 250 Merger Corp.
- B. Riley Principal 250 Merger Corp. Closes Full Exercise of IPO Overallotment Option
Jun 17, 2021 · prnewswire.com
NEW YORK, June 17, 2021 /PRNewswire/ -- B. Riley Principal 250 Merger Corp. (the "Company") (NASDAQ: BRIVU, BRIVW, BRIV), a special purpose acquisition company sponsored by an affiliate of B.
- B. RILEY PRINCIPAL 250 MERGER CORP. CLOSES FULL EXERCISE OF IPO OVERALLOTMENT OPTION
Jun 17, 2021
NEW YORK, JUNE 17, 2021 /PRNEWSWIRE/ -- B. RILEY PRINCIPAL 250 MERGER CORP. (THE "COMPANY") (NASDAQ: BRIVU, BRIVW, BRIV), A SPECIAL PURPOSE ACQUISITION COMPANY SPONSORED BY AN AFFILIATE OF B.
- B. Riley Principal 250 Merger Corp. Prices $150 Million Initial Public Offering
May 7, 2021
NEW YORK, May 7, 2021 /PRNewswire/ -- B. Riley Principal 250 Merger Corp. (the "Company"), a special purpose acquisition company sponsored by an affiliate of B. Riley Financial, Inc. (NASDAQ: RILY), today announced that it has priced its initial public offering of 15,000,000 units at a price of $10.00 per unit. The units are expected to begin trading today, May 7, 2021 on the Nasdaq Capital Market ("Nasdaq") under the ticker symbol "BRIVU." Each unit consists of one share of Class A common stock and one-third of one redeemable warrant, each whole warrant exercisable to purchase one share of Class A common stock at a price of $11.50 per share. Once the securities comprising the units begin separate trading, the shares of Class A common stock and warrants are expected to be listed on Nasdaq under the symbols "BRIV" and "BRIVW," respectively. No fractional warrants will be issued upon separation of the units and only whole warrants will trade.
The Company was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. It may pursue an initial business combination target in any industry or geographic region. The Company intends to focus on businesses that have a history of, or potential for, strong cash flow generation and growing revenue streams, and would benefit from access to public markets and the operational and strategic expertise of its management team and board of directors. The Company was formed by Daniel Shribman, who also serves as Chief Investment Officer of B. Riley Financial, and Bryant Riley, who is also Chairman and Co-Chief Executive Officer of B. Riley Financial.
B. Riley Securities, Inc. is acting as the sole book-running manager. The Company has granted the underwriters a 45-day option to purchase up to an additional 2,250,000 units at the initial public offering price to cover over-allotments, if any.
Story continues
The offering is being made only by means of a prospectus. When available, copies of the prospectus relating to this offering may be obtained from B. Riley Securities, Inc. at 299 Park Avenue, New York, New York 10171, by telephone at (800) 846-5050 or by email at prospectuses@brileyfin.com.
A registration statement relating to these securities was declared effective by the U.S. Securities and Exchange Commission (the "SEC"). This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About B. Riley Principal 250 Merger Corp. B. Riley Principal 250 Merger Corp. is a blank check company incorporated as a Delaware corporation whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or other similar business combination with one or more businesses. While the Company may pursue an initial business combination target in any industry or geographic region, it intends to focus on established businesses that have an aggregate enterprise value of approximately $800 million to $2 billion. The Company will seek to capitalize on the significant experience of its management team in consummating an initial business combination with the ultimate goal of pursuing attractive returns for shareholders. The Company is sponsored by an affiliate of B. Riley Financial, Inc. (NASDAQ: RILY). Visit https://brileyfin.com/principal250mergercorp/ for more information.
Cautionary Note Concerning Forward-Looking Statements This press release contains statements that constitute "forward-looking statements," including with respect to the initial public offering and search for an initial business combination. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's registration statement for the initial public offering filed with the SEC. Copies are available on the SEC's website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Contacts
Investors:
Dan Shribman
dshribman@brileyfin.com
(212) 457-3300
Media:
Jo Anne McCusker
jmccusker@brileyfin.com
(646) 885-5425 Cision
View original content:http://www.prnewswire.com/news-releases/b-riley-principal-250-merger-corp-prices-150-million-initial-public-offering-301286668.html
SOURCE B. Riley Principal 250 Merger Corp.
- B. Riley Principal 250 Merger Corp. Prices $150 Million Initial Public Offering
May 7, 2021
NEW YORK, May 7, 2021 /PRNewswire/ -- B. Riley Principal 250 Merger Corp. (the "Company"), a special purpose acquisition company sponsored by an affiliate of B. Riley Financial, Inc. (NASDAQ: RILY), today announced that it has priced its initial public offering of 15,000,000 units at a price of $10.00 per unit. The units are expected to begin trading today, May 7, 2021 on the Nasdaq Capital Market ("Nasdaq") under the ticker symbol "BRIVU." Each unit consists of one share of Class A common stock and one-third of one redeemable warrant, each whole warrant exercisable to purchase one share of Class A common stock at a price of $11.50 per share. Once the securities comprising the units begin separate trading, the shares of Class A common stock and warrants are expected to be listed on Nasdaq under the symbols "BRIV" and "BRIVW," respectively. No fractional warrants will be issued upon separation of the units and only whole warrants will trade.
The Company was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. It may pursue an initial business combination target in any industry or geographic region. The Company intends to focus on businesses that have a history of, or potential for, strong cash flow generation and growing revenue streams, and would benefit from access to public markets and the operational and strategic expertise of its management team and board of directors. The Company was formed by Daniel Shribman, who also serves as Chief Investment Officer of B. Riley Financial, and Bryant Riley, who is also Chairman and Co-Chief Executive Officer of B. Riley Financial.
B. Riley Securities, Inc. is acting as the sole book-running manager. The Company has granted the underwriters a 45-day option to purchase up to an additional 2,250,000 units at the initial public offering price to cover over-allotments, if any.
Story continues
The offering is being made only by means of a prospectus. When available, copies of the prospectus relating to this offering may be obtained from B. Riley Securities, Inc. at 299 Park Avenue, New York, New York 10171, by telephone at (800) 846-5050 or by email at prospectuses@brileyfin.com.
A registration statement relating to these securities was declared effective by the U.S. Securities and Exchange Commission (the "SEC"). This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About B. Riley Principal 250 Merger Corp. B. Riley Principal 250 Merger Corp. is a blank check company incorporated as a Delaware corporation whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or other similar business combination with one or more businesses. While the Company may pursue an initial business combination target in any industry or geographic region, it intends to focus on established businesses that have an aggregate enterprise value of approximately $800 million to $2 billion. The Company will seek to capitalize on the significant experience of its management team in consummating an initial business combination with the ultimate goal of pursuing attractive returns for shareholders. The Company is sponsored by an affiliate of B. Riley Financial, Inc. (NASDAQ: RILY). Visit https://brileyfin.com/principal250mergercorp/ for more information.
Cautionary Note Concerning Forward-Looking Statements This press release contains statements that constitute "forward-looking statements," including with respect to the initial public offering and search for an initial business combination. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's registration statement for the initial public offering filed with the SEC. Copies are available on the SEC's website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Contacts
Investors:
Dan Shribman
dshribman@brileyfin.com
(212) 457-3300
Media:
Jo Anne McCusker
jmccusker@brileyfin.com
(646) 885-5425 Cision
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SOURCE B. Riley Principal 250 Merger Corp.
