Company: RILYN
Filing Date: 2025-02-21
Form Type: 10-Q
Source: 0001628280-25-007082
Chunk: 119

Company: B. Riley Financial, Inc.
Filing Date: 2025-02-21
Form: 10-Q
Item: Part I, Item 1
Chunk 119
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10% to 50% in companies that license the trademark and intellectual property of the Hurley, Justice, and Scotch & Soda brands and bebe and Brookstone brands (equity ownership of bebe stores, inc., our majority owned subsidiary). We also reported fair value adjustments from these equity investments since we elected to account for these equity investments using the fair value method of accounting. These operations are included in discontinued operations as discussed in Note 4 to the accompanying condensed consolidated financial statements and are expected to be deconsolidated since B. Riley will no longer have control and will own a non-controlling equity investment ownership interest of 44.2% in the business. These operating results are included in discontinued operations and are expected to be deconsolidated as a result of the Sale by bebe and completion of the Secured Financing of the Brand Interests as discussed in Note 4 to the accompanying condensed consolidated financial statements.

Securities and Other Investments Owned Portfolio – We have a portfolio of securities and other investments owned that consists of public equity securities, private securities that are primarily comprised of our 31% investment in Freedom VCM Holdings, LLC described above, partnership interests and other investments, corporate bonds and other fixed income securities as follows at September 30, 2024 and December 31, 2023:

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September 30,2024December 31,2023Public Equity Securities:Badcock & Wilcox Enterprises, Inc. - common stock$55,991 $40,072 Badcock & Wilcox Enterprises, Inc. - preferred stock3,845 6,386 Alta Equipment Group, Inc. - common stock— 44,653 Double Down Interactive Co., Ltd - common stock66,533 30,439 Synchronoss Technologies, Inc. - common stock11,212 8,780 Other public equities24,014 64,211 Total public equity securities161,595 194,541 Private Equity Securities:Freedom VCM Holdings, LLC— 287,043 Other private equities127,684 229,993 Total private equity securities127,684 517,036 Total equity securities289,279 711,577 Corporate bonds31,496 59,287 Other fixed income securities4,757 2,989 Partnership interest and other16,238 35,196 Total securities and other investments owned$341,770 $809,049 

Securities and other investments owned