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Stock impact report

Why B. Riley Financial Stock Soared Today [Yahoo! Finance]

B. Riley Financial, Inc. (RILY) 
NASDAQ:AMEX Investor Relations: ir.brileyfin.com/investor-relations
Company Research Source: Yahoo! Finance
Is this a sign B. Riley may finally soon file its audited 2023 financials? In an SEC filing yesterday, B. Riley revealed that it has secured an extension from Nomura Corporate Funding Americas, giving it until April 29, 2024 to deliver its audited financials for the year ending Dec. 31, 2023 in order to remain in good standing with the lender. "The Company acknowledges the key role its lenders and other counterparties have played in its growth and success and, as evidenced by the extension, continues to maintain an ongoing and productive dialogue with its lenders even through this temporary delay," B. Riley wrote in the filing. B. Riley has come under fire from short sellers since November 2023 amid scrutiny over its relationship with Brian Kahn, an executive reportedly tied to a massive fraud investigation. The concerns specifically revolve around the company's $216.5 million investment in the $2.8 billion management-led buyout of Franchise Group, which owns a portfolio of bus Show less Read more
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