Company: RILYN
Filing Date: 2025-01-14
Form Type: 10-Q
Source: 0001628280-25-001398
Chunk: 283

Company: B. Riley Financial, Inc.
Filing Date: 2025-01-14
Form: 10-Q
Item: Part II, Item 2
Chunk 283
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Item 2. Unregistered Sales of Equity Securities and Use of Proceeds. 

During the three months ended June 30, 2024, we entered into a series of privately negotiated exchange agreements, under which the Company issued an aggregate of 36,903 shares of the Company’s common stock in exchange for $1,130 aggregate principal amount of its 6.75% Senior Notes due 2025 (the “Exchange Transactions”). The Company may engage in similar transactions in the future but is under no obligation to do so. Based on the aggregate principal amount exchanged plus $5 in aggregate accrued interest thereon through the relevant date of exchange, the common stock issued had an implied value of $30.76 per share. Pursuant to Section 3(a)(9) of the Securities Act of 1933, as amended (the "Securities Act"), the common stock issued in the Exchange Transactions was issued in each case to an existing security holder of the Company exclusively in exchange for senior notes held by such holder and no commission or other remuneration was paid or given for soliciting the exchange. Other exemptions from the registration requirements of the Securities Act may apply.

During the three months ended June 30, 2024, we made the following purchases of our equity securities that are registered pursuant to Section 12(b) of the Exchange Act. 

PeriodTotal Number of Shares Purchased(1)(2)Average Price Paid Per ShareTotal Number of Shares Purchased as Part of Publicly Announced Plans or Programs(2)Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or ProgramApril 1 through April 30, 2024— $— — $34,206 May 1 through May 31, 202479,432 $24.81 — $34,206 June 1 through June 30, 2024— $— — $34,206 Total79,432 $24.81 — ______________________________

(1) Includes purchases of 79,432 shares made to satisfy the income tax withholding obligations of certain employees upon the vesting and delivery of restricted stock units issued under our 2021 Stock Incentive Plan. 

(2) Includes purchases of zero shares under the Company's annual share repurchase programs. In November 2023, the share repurchase program was reauthorized by the Board of Directors for share repurchases up to $50,000 of the Company's outstanding