Company: RILY
Filing Date: 2025-12-15
Form Type: 10-Q
Source: 0001464790-25-000029
Chunk: 377

Company: B. Riley Financial, Inc.
Filing Date: 2025-12-15
Form: 10-Q
Item: Part I, Item 8
Chunk 377
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 of a derivative and were classified within stockholder’s equity.The following table summarizes the fair value of the warrants at issuance:Exchange DateMarch 26, 2025April 7, 2025May 21, 2025June 30, 2025Fair value at issuance$863 $67 $590 $80 The estimated fair value of the warrants issued was determined using the Black-Scholes Option Pricing Model which included the following inputs: value of the underlying common stock at the valuation measurement date, the remaining contractual term of the warrants of seven years, risk-free interest rates ranging from 4.0% to 4.4%, expected dividend yield of 0.0%, and expected volatility of the price of the underlying common stock of 75.0%. (c) Preferred StockThere were 2,834 shares of the Series A Preferred Stock issued and outstanding as of June 30, 2025 and December 31, 2024. The total liquidation preference for the Series A Preferred Stock as of June 30, 2025 and December 31, 2024 was $73,289 (inclusive of cumulative unpaid dividends of $2,436) and $70,854, respectively. There were no dividends declared or paid on the Series A Preferred Stock during the three and six months ended June 30, 2025. During the three and six months ended June 30, 2024 dividends paid on the Series A Preferred Stock were $0.4296875 per depository share. On January 21, 2025, the Company announced that it had temporarily suspended dividends on its Series A Preferred Stock. Unpaid dividends will accrue until paid in full.

There were 1,729 shares of the Series B Preferred Stock issued and outstanding as of June 30, 2025 and December 31, 2024. The total liquidation preference for the Series B Preferred Stock as of June 30, 2025 and December 31, 2024 was $44,822 (inclusive of cumulative unpaid dividends of $1,594) and $43,228, respectively. There were no dividends declared or paid on the Series B Preferred Stock during the three and six months ended June 30, 2025. During the three and six months ended June 30, 2024 dividends paid on the Series B Preferred Stock were $0.4609375 per depository share. On January 21, 2025, the Company announced