B. Riley Financial Carves Out BRS Via Cascadia Merger, Launches Pure-Play Investment Bank On OTC As BRLY
Benzinga Newsdesk 1 year ago
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B. Riley Securities (BRS) to Serve Distinct Needs of Companies Across Middle Market SegmentsWell Capitalized and Debt Free, BRS to Benefit from Separate Operating and Governance StructuresB. Riley Financial to Retain
B. Riley Securities (BRS) to Serve Distinct Needs of Companies Across Middle Market Segments
Well Capitalized and Debt Free, BRS to Benefit from Separate Operating and Governance Structures
B. Riley Financial to Retain ~89% Ownership Stake in BRS with Remaining Shares Exclusively Held by Employees of BRS in Form of Restricted Stock Awards and Certain Existing Shareholders of Cascadia