Company: RILYN
Filing Date: 2025-04-01
Form Type: 8-K
Source: 0001213900-25-027230
Chunk: 2

Company: B. Riley Financial, Inc.
Filing Date: 2025-04-01
Form: 8-K
Item: Item 1.01
Chunk 2
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, $0.0001 par
value per share (the “ Common Stock”), at an exercise price of $10.00 per share.

The foregoing description of the Warrants does not purport to be complete
and is qualified in its entirety by reference to the full text of the Warrant, which is attached as Exhibit 10.3 to this Current Report
on Form 8-K and incorporated herein by reference.

In connection with the issuance of the Warrants, on the Closing Date,
the Company entered into a registration rights agreement (the “ Registration Rights Agreement”) with the Investor, pursuant
to which the Company has granted the Investor (i) certain shelf registration rights whereby the Company will register resales of
Common Stock issued upon exercise of the Warrants and (ii) certain piggyback registration rights, in each case subject to the terms
and conditions set forth in the Registration Rights Agreement. The foregoing description of the Registration Rights Agreement does not
purport to be complete and is qualified in its entirety by reference to the full text of the Registration Rights Agreement, which is attached
as Exhibit 10.4 to this Current Report on Form 8-K and incorporated herein by reference.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.