B. Riley Financial Reports New Material Financial Obligation
Ticker: RILYT · Form: 8-K · Filed: Jan 22, 2024 · CIK: 1464790
| Field | Detail |
|---|---|
| Company | B. Riley Financial, Inc. (RILYT) |
| Form Type | 8-K |
| Filed Date | Jan 22, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.0001, $150,000,000 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: debt, financial-obligation, material-agreement
TL;DR
**RILY just took on new debt or a major financial obligation, watch for impact on their balance sheet.**
AI Summary
B. Riley Financial, Inc. (RILY) filed an 8-K on January 22, 2024, reporting an event on January 18, 2024, related to the entry into a material definitive agreement and the creation of a direct financial obligation. This filing indicates that the company has taken on new financial commitments, which could impact its balance sheet and future earnings. For investors, this matters because new obligations can affect the company's financial flexibility and potentially its ability to return value to shareholders through dividends or share buybacks.
Why It Matters
This filing signals B. Riley Financial has incurred new debt or entered a significant financial agreement, which could impact its liquidity and future profitability.
Risk Assessment
Risk Level: medium — The creation of a direct financial obligation introduces new liabilities and potential interest expenses, which could strain the company's finances if not managed effectively.
Analyst Insight
Investors should monitor B. Riley Financial's upcoming financial statements for details on the new obligation and its potential impact on the company's leverage and cash flow.
Key Players & Entities
- B. Riley Financial, Inc. (company) — the registrant filing the 8-K
- January 18, 2024 (date) — date of the earliest event reported
- January 22, 2024 (date) — date the 8-K was filed
Forward-Looking Statements
- B. Riley Financial's debt-to-equity ratio will increase in its next quarterly report. (B. Riley Financial, Inc.) — medium confidence, target: Q1 2024 Earnings Report
FAQ
What was the specific nature of the material definitive agreement B. Riley Financial, Inc. entered into?
The filing indicates the 'Entry into a Material Definitive Agreement' but does not provide specific details about the nature of the agreement itself, such as parties involved, terms, or purpose.
What is the exact amount of the direct financial obligation created by B. Riley Financial, Inc.?
The 8-K states 'Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant' but does not disclose the specific dollar amount of this obligation.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on January 18, 2024.
What is B. Riley Financial, Inc.'s Central Index Key (CIK)?
B. Riley Financial, Inc.'s Central Index Key (CIK) is 0001464790.
What is the business address of B. Riley Financial, Inc. as stated in the filing?
The business address of B. Riley Financial, Inc. is 11100 Santa Monica Blvd., Suite 800, Los Angeles, CA 90025.
Filing Stats: 899 words · 4 min read · ~3 pages · Grade level 11.3 · Accepted 2024-01-22 17:00:22
Key Financial Figures
- $0.0001 — h registered Common Stock, par value $0.0001 per share RILY Nasdaq Global Market
- $150,000,000 — Agreement shall not at any time exceed $150,000,000 in the aggregate. In consideration for
Filing Documents
- ea191993-8k_briley.htm (8-K) — 61KB
- ea191993ex10-1_briley.htm (EX-10.1) — 92KB
- 0001213900-24-005348.txt ( ) — 439KB
- rilyz-20240118.xsd (EX-101.SCH) — 6KB
- rilyz-20240118_def.xml (EX-101.DEF) — 30KB
- rilyz-20240118_lab.xml (EX-101.LAB) — 41KB
- rilyz-20240118_pre.xml (EX-101.PRE) — 28KB
- ea191993-8k_briley_htm.xml (XML) — 13KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. B. Riley Financial, Inc. By: /s/ Phillip J. Ahn Name: Phillip J. Ahn Title: CFO & COO Date: January 22, 2024 -2-