B. Riley Financial Amends Synchronoss Stake Filing

TL;DR

B. Riley Financial filed an update on their Synchronoss stake. Watch this space.

AI Summary

B. Riley Financial, Inc. filed an amendment (No. 10) to its Schedule 13D on October 1, 2024, regarding its holdings in Synchronoss Technologies, Inc. The filing indicates a change in the beneficial ownership of Synchronoss common stock, with B. Riley Financial, Inc. and its group members, including Bryant R. Riley, being the reporting persons. Specific details on the exact percentage change or dollar amounts are not immediately available in this excerpt but are typically detailed within the full filing.

Why It Matters

This amendment signals a potential shift in control or strategy for Synchronoss Technologies, Inc., as a significant shareholder like B. Riley Financial adjusts its position.

Risk Assessment

Risk Level: medium — Amendments to Schedule 13D filings often indicate significant changes in a major shareholder's intentions or holdings, which can impact stock price and corporate strategy.

Key Players & Entities

• B. Riley Financial, Inc. (company) — Filing entity
• Synchronoss Technologies, Inc. (company) — Subject company
• Bryant R. Riley (person) — Reporting person and group member
• B. RILEY SECURITIES, INC. (company) — Group member
• BRF INVESTMENTS, LLC (company) — Group member

FAQ

Key Financial Figures

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

Filing Documents

• ea0216419-13da10briley_syn.htm (SC 13D/A) — 106KB
• 0001213900-24-084263.txt ( ) — 108KB

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 739,631 shares of Common Stock, representing 6.8% 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 742,371 shares of Common Stock, representing 6.9% 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: October 1, 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 Alan N. Forman Executive Vice President, General Counsel and Secretary Executive Vice President, General Counsel and Secretary of B. Riley Financial, Inc. 299 Park Avenue, 21st Floor New York, NY 10171 United States Howard E. Weitzman Senior Vice President and Ch

View Full Filing

View this SC 13D/A filing on SEC EDGAR