Company: RILYN
Filing Date: 2025-09-19
Form Type: 10-K
Source: 0001464790-25-000011
Chunk: 235

Company: B. Riley Financial, Inc.
Filing Date: 2025-09-19
Form: 10-K
Item: Item 7
Chunk 235
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31, 2024 and December 31, 2023 was zero and $287.0 million, respectively. During the year ended December 31, 2024, we recorded fair value adjustments of $(221.0) million primarily due to increases in net debt, declines in Freedom VCM Holdings, LLC’s investment in Conn’s, Inc. common stock and impact of Conn's bankruptcy filing on July 23, 2024, and a decrease in the operational performance of Freedom VCM Holdings, LLC’s various business segments. The investment in Freedom VCM Holdings, LLC was also impacted due to the filing of Freedom VCM’s voluntary petitions for relief under Chapter 11 of the Bankruptcy Code on November 3, 2024.

Realized and Unrealized Gains (Losses)Year EndedDecember 31,202420232022Other Income (Expense) - Realized & Unrealized Gains (Losses)Public Equity Securities:Babcock & Wilcox Enterprises, Inc. - common stock$1,181 $(84,244)$(49,583)Babcock & Wilcox Enterprises, Inc. - preferred stock1,830 (2,204)(9,105)Alta Equipment Group, Inc. - common stock(3,537)3,502 13,617 Double Down Interactive Co., Ltd - common stock11,977 (4,260)(26,662)Synchronoss Technologies, Inc. - common stock6,368 (3,392)— Franchise Group, Inc. - common stock— — (775)Arena Group Holdings, Inc. - common stock— (31,041)(6,101)Other public equities(2,163)(15,634)(157,466)Subtotal15,656 (137,273)(236,075)Private Equity Securities:Freedom VCM Holdings, LLC(221,042)4,542 — Other private equities(58,903)(30,334)(9,074)Subtotal(279,945)(25,792)(9,074)Corporate bonds898 1,224 (3,671)Partnership interest and other(295)(212)1,280 Total$(263,686)$(162,053)$(247,540)

During the years ended December 31, 2024, 2023, and 2022, realized and unrealized losses of $(263.7) million, $(