Home Financial B. Riley & Co. Acts as Sole Underwriter in $24.6M Secondary Offering...

B. Riley & Co. Acts as Sole Underwriter in $24.6M Secondary Offering for Ooma, Inc. representing shares held by entities associated with Worldview Technology Partners;

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News: B. Riley Financial Inc (NASDAQ:RILY) belongs to Financial sector and Asset Administration industry. B. Riley and Co., LLC (B. Riley), a full service investment bank and a completely possessed accomplice of B. Riley Financial, Inc. (NASDAQ: RILY), is going about as the sole financier in an auxiliary offering (the “Offering”) of 2.85 million shares of basic supply of Ooma, Inc. speaking to offers held by substances connected with Worldview Technology Partners. Ooma won’t get any of the returns of the exchange.

The Offering valued 2.85 million shares of basic stock at an open offering cost of $8.65 per share bringing about gross continues of about $24.6M to the offering stockholders. Also, the offering stockholders have conceded B. Riley the alternative to buy up to 425,000 extra shares. The Offering is relied upon to close on January 19, 2017 subject as per the general inclination of standard shutting conditions.

Summary: B. Riley and Co., LLC is a main speculation bank which gives corporate back, research, and deals and exchanging to corporate, institutional and high total assets singular customers. Speculation saving money administrations incorporate introductory, auxiliary and take after on offerings, institutional private positions, and merger and acquisitions counseling administrations. The firm is broadly perceived for its exceedingly positioned exclusive value inquire about. B. Riley and Co., LLC is an individual from FINRA and SIPC.

  1. Riley Financial, Inc. (NASDAQ: RILY) gives communitarian monetary administrations and arrangements through a few helpers, numbering: Great American Group, LLC, a main supplier of consultative and valuation administrations, resource demeanor and closeout arrangements; B. Riley Capital Administration, LLC, a SEC enlisted Investment Advisor, which incorporates B. Riley Asset Administration, a supplier of speculation items to institutional and high total assets shareholders, and B. Riley Wealth Administration (once in the past MK Capital Advisors), a multi-family office practice and riches organization firm centered around the requirements of ultra-high total assets people and families; and Great American Capital Partners, a supplier of senior secured credits and second lien secured advance offices to center market open and private U.S. organizations. B. Riley Financial, Inc. is headquartered in Los Angeles with workplaces in major budgetary markets all through the United States and Europe.