LOS ANGELES, Dec. 23, 2016 /PRNewswire/ -- B. Riley &
Co, LLC (B. Riley), a full service investment bank and wholly-owned
subsidiary of B. Riley Financial, Inc. (NASDQ: RILY),
acted as Co-Manager in the underwritten public offering of
7,392,856 shares of common stock of Hudson Technologies Inc.
(HDSN), which includes the full exercise by the underwriters of
their option to purchase an additional 964,285 shares.
HDSN priced the 7,392,856 million shares of common stock at
$7 per share. Net proceeds from the
sale of common stock, including as a result of the option exercise,
after deducting underwriting discounts and estimated offering
expenses, were approximately $48.4
million. The offering closed on December 14, 2016.
About Hudson Technologies, Inc.
Hudson Technologies, Inc. is a leading provider of innovative
solutions to recurring problems within the refrigeration industry.
Hudson Technologies' proprietary RefrigerantSide® Services increase
operating efficiency and energy savings, and remove moisture, oils
and other contaminants frequently found in the refrigeration
circuits of large comfort cooling and process refrigeration
systems. In addition, the Company sells refrigerants and provides
traditional reclamation services to the commercial and industrial
air conditioning and refrigeration markets.
About B. Riley & Co., LLC
B. Riley & Co., LLC is a leading investment bank which
provides corporate finance, research, and sales & trading to
corporate, institutional and high net worth individual clients. The
firm is nationally recognized for its highly ranked proprietary
equity research. B. Riley & Co., LLC is a member
of FINRA and SIPC.
B. Riley Financial, Inc. (NASDAQ: RILY) is a publicly
traded, diversified financial services company which takes a
collaborative approach to the capital raising and financial
advisory needs of public and private companies and high net worth
individuals. The company also makes proprietary investments in
other businesses where B. Riley Financial, Inc. is
uniquely positioned to leverage its expertise and assets in order
to maximize value. The Company operates through several
wholly-owned subsidiaries, including B. Riley & Co.,
LLC (www.brileyco.com), Great American Group,
LLC (www.greatamerican.com), Great American Capital
Partners (www.gacapitalpartners.com) and B. Riley
Capital Management, LLC (which includes B. Riley Asset
Management and B. Riley Wealth Management,
(www.brileywealth.com). Since the acquisition of United
Online, Inc. (www.untd.com) in July 2016, B. Riley
Financial, Inc. also provides internet access services under
the NetZero and Juno brands.
This communication shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
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SOURCE B. Riley & Co., LLC