Company: RILYN
Filing Date: 2025-07-03
Form Type: 8-K
Source: 0001213900-25-061210
Chunk: 4

Company: B. Riley Financial, Inc.
Filing Date: 2025-07-03
Form: 8-K
Item: Item 8.01
Chunk 4
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Item 8.01 Other Events

On June 30, 2025, the Company
entered into a private exchange transaction with an institutional investor (the “ Investor”) pursuant to which the Investor
exchanged approximately $28 million aggregate principal amount of the Company’s 5.00% Senior Notes due December 2026, 6.00% Senior
Notes due January 2028 and 5.25% Senior Notes due August 2028 owned by it (collectively, the “ Exchanged Notes”) for $13 million
aggregate principal amount of newly-issued 8.00% Senior Secured Second Lien Notes due 2028 (the “ New Notes”), whereupon the
Exchanged Notes were cancelled. The New Notes were issued pursuant to an Indenture that was previously filed as an exhibit to Company’s
Current Report on Form 8-K filed on April 1, 2025. In connection with the exchange transaction, the Company issued to the Investor
warrants to purchase 52,000 shares of the Company’s common stock at an exercise price of $10.00 per share.

Item 9.01 Financial Statements and Exhibits.