B. Riley Financial announces $100M common stock offering

B. Riley Financial announced it has commenced an underwritten public offering of $100M of its common stock, subject to market and certain other conditions. The company expects to use the net proceeds of this offering for general corporate purposes, including funding future acquisitions and investments, repaying and/or refinancing indebtedness, making loans and/or providing guaranty or backstop commitments to clients in the ordinary course of business, making capital expenditures and funding working capital. Pending such use, the company may invest the net proceeds in short-term interest-bearing accounts, securities or similar investments. B. Riley Securities is acting as sole book-running manager for the offering.