B. Riley Financial Amends Synchronoss Stake Filing

TL;DR

B. Riley Financial filed an update on their Synchronoss stake. Watch for changes.

AI Summary

B. Riley Financial, Inc. filed an amendment (No. 9) to its Schedule 13D on September 5, 2024, regarding its holdings in Synchronoss Technologies, Inc. The filing indicates changes in beneficial ownership, with Bryant R. Riley listed as a key individual associated with B. Riley Financial, Inc. and its group members BRF Investments, LLC and B. Riley Securities, Inc.

Why It Matters

This amendment signals potential shifts in the ownership structure or strategy of Synchronoss Technologies, Inc., which could impact its stock performance and corporate direction.

Risk Assessment

Risk Level: medium — Schedule 13D filings often indicate significant investor activity, which can lead to volatility and strategic changes in the target company.

Key Players & Entities

• B. Riley Financial, Inc. (company) — Filing entity
• Synchronoss Technologies, Inc. (company) — Subject company
• Bryant R. Riley (person) — Key individual associated with filing entity
• BRF Investments, LLC (company) — Group member of filing entity
• B. Riley Securities, Inc. (company) — Group member of filing entity

FAQ

Key Financial Figures

• $0.0001 — ame of Issuer) Common Stock, par value $0.0001 par value (Title of Class of Securiti

Filing Documents

• ea0213619-13da9briley_syn.htm (SC 13D/A) — 97KB
• 0001213900-24-076178.txt ( ) — 98KB

INTEREST OF SECURITIES OF THE ISSUER

ITEM 5. INTEREST OF SECURITIES OF THE ISSUER.

, Sections (a) and (b) of the Schedule 13D are hereby amended

Item 5, Sections (a) and (b) of the Schedule 13D are hereby amended and restated as follows: (a) – (b) 1. As of the date hereof, BRS beneficially owned directly 2,740 shares of Common Stock, representing 0.03% of the Issuer’s Common Stock. As of the date hereof, BRFI beneficially owned directly 917,335 shares of Common Stock, representing 8.5% of the Issuer’s Common Stock. 2. BRF is the parent company of BRS and BRFI. As a result, BRF may be deemed to indirectly beneficially own the Shares held by BRS and BRFI. 3. Bryant R. Riley may be deemed to indirectly beneficially own 35,515 shares of Common Stock representing 0.3% of the Issuer’s Common Stock, of which (i) 34,423 are held jointly with his wife, Carleen Riley, (ii) 273 are held as sole custodian for the benefit of Abigail Riley, (iii) 273 are held as sole custodian for the benefit of Charlie Riley, (iv) 273 are held as sole custodian for the benefit of Eloise Riley, and (v) 273 are held as sole custodian for the benefit of Susan Riley. Bryant R. Riley may also be deemed to indirectly beneficially own the 920,075 shares of Common Stock, representing 8.5% of the Issuer’s Common Stock outstanding held directly by BRS and BRFI in the manner specified in paragraph (1) above. Bryant R. Riley disclaims beneficial ownership of the shares held by BRS and BRFI in each case except to the extent of his pecuniary interest therein. 6

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of his or its knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated: September 5, 2024 B. RILEY FINANCIAL, INC. /s/ Bryant Riley Name: Bryant Riley Title: Co-Chief Executive Officer B. RILEY SECURITIES, INC. /s/ Andrew Moore Name: Andrew Moore Title: Chief Executive Officer BRF INVESTMENTS, LLC /s/ Phillip Ahn Name: Phillip Ahn Title: Authorized Signatory /s/ Bryant R. Riley Name: Bryant R. Riley 7 SCHEDULE A Executive Officers and Directors of B. Riley Financial, Inc. Name and Position Present Principal Occupation Bryant R. Riley Chairman of the Board of Directors and Co-Chief Executive Officer Chairman of the Board of Directors and Co-Chief Executive Officer of B. Riley Financial, Inc.; Chief Executive Officer and Board of Managers of B. Riley Capital Management, LLC; and Co-Executive Chairman and Director of B. Riley Securities, Inc. 11100 Santa Monica Blvd. Suite 800 Los Angeles, CA 90025 United States Thomas J. Kelleher Co-Chief Executive Officer and Director Co-Chief Executive Officer and Director of B. Riley Financial, Inc.; Co-Executive Chairman and Director of B. Riley Securities, Inc.; and President and Board of Managers of B. Riley Capital Management, LLC 11100 Santa Monica Blvd. Suite 800 Los Angeles, CA 90025 United States Phillip J. Ahn Chief Financial Officer and Chief Operating Officer Chief Financial Officer and Chief Operating Officer of B. Riley Financial, Inc. 30870 Russell Ranch Rd Suite 250 Westlake Village, CA 91362 United States Kenneth Young President President of B. Riley Financial, Inc.; and Chief Executive Officer of B. Riley Principal Investments, LLC 11100 Santa Monica Blvd. Suite 800 Los Angeles, CA 90025 United States Alan N. Forman Executive Vice President, General Counsel a

View Full Filing

View this SC 13D/A filing on SEC EDGAR