B. Riley Principal Merger Corp. (BRPM.U) Prices $125 Million SPAC

B. Riley Principal Merger Corp. (BRPM.U), announced the pricing of their $125 million SPAC IPO this morning and the units are expected to begin trading today, April 9th, under the symbol NYSE: BRPM.U.

B. Riley, which has a general/broad focus where they can pursue a combination in any industry or geographic region, but intend to focus on businesses in the $300 million to $1 billion enterprise value range, is being led by Kenneth Young, as Chief Executive Officer.

Total SPAC deal count for 2019 year-to-date is now 17 with $3.721 billion in gross proceeds raised. The offering is expected to close on or about April 11, 2019.

Congratulations to all.

B. Riley FBR, Inc. acted as sole book-running manager.
Winston & Strawn LLP and Ellenoff Grossman & Schole LLP, were Issuer’s Counsel and Underwriter’s Counsel, respectively.