B. Riley Principal 250 Merger Corp. (BRIVU) Prices $150M IPO


B. Riley Principal 250 Merger Corp. (BRIVU) Prices $150M IPO

B. Riley Principal  announced the pricing of its $150 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “BRIVU” Friday, May 7.

The new SPAC aims to combine with an established company that has an enterprise of at least $800 million and is under-performing its potential due to a temporary dislocation in the markets. B. Riley is led by CEO and CFO Daniel Shribman, and Chairman Bryant Riley.

Total SPAC deal count for 2021 year-to-date is now 315. This offering is expected to close on Tuesday, May 11.

B. Riley Securities is acting as the sole book-running manager of the offering. White & Case LLP is serving as Issuer’s Counsel with Ellenoff Grossman & Schole LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.