B. Riley Principal Merger Corp. Closes Full Exercise of IPO Over-Allotment Option
April 12 2019 - 4:01PM
B. Riley Principal Merger Corp. (NYSE: BRPM.U) (the “Company”)
today announced the closing of the issuance of an additional
1,875,000 units pursuant to the full exercise of the underwriters’
over-allotment option in connection with the Company’s initial
public offering. The additional units were sold at the initial
offering price of $10.00 per unit, generating additional gross
proceeds of $18,750,000 to the Company and bringing the total gross
proceeds of the initial public offering to $143,750,000.
This press release 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.
B. Riley FBR, Inc. acted as the sole
book-running manager for the deal. The offering was made only by
means of a prospectus, copies of which may be obtained from: B.
Riley FBR, Inc., 299 Park Avenue, 21st Floor, New York, New York
10171, by telephone at (800) 846-5050 or by email at
prospectuses@brileyfbr.com.
About B. Riley Principal Merger
Corp.B. Riley Principal Merger Corp. is a blank check
company incorporated for the purpose of effecting a merger, capital
stock exchange, asset acquisition, stock purchase, reorganization
or other similar business combination with one or more businesses.
While the Company may pursue a business combination target in any
industry or geographic region, the Company intends to focus on
established businesses with an aggregate enterprise value of
approximately $300 million to $1 billion that would benefit from
access to public markets and the operational and strategic
expertise of the Company’s management team and board of directors.
For further information, visit the Company's website at
www.brileymergercorp.com.
Cautionary Note Concerning
Forward-Looking StatementsThis press release contains
statements that constitute “forward-looking statements,” including
with respect to the search for an initial business combination. No
assurance can be given that the proceeds of the offering will be
used as indicated. Forward-looking statements are subject to
numerous conditions, many of which are beyond the control of the
Company, including those set forth in the Risk Factors section of
the Company’s registration statement for the initial public
offering filed with the U.S. Securities and Exchange Commission
(the “SEC”). Copies are available on the SEC’s
website, www.sec.gov. The Company undertakes no obligation to
update these statements for revisions or changes after the date of
this release, except as required by law.
ContactsDaniel
Shribmandshribman@brileyfin.com(212) 457-3300
MediaJo Anne
McCuskerjmccusker@brileyfin.com(646) 885-5425
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