The Online Investor

Slideshow IPOs

By The Online Investor Staff, updated Wed., May. 27, 10:58 AM

Slide #2. B. Riley Principal Merger Corp. II Initial Public Offering

Company: B. Riley Principal Merger Corp. II
Proposed Symbol: BMRG
Shares Offered: 17,500,000
Price Per Share: $10.00
Over-Allotment: 2,625,000
Description: B. Riley Principal Merger Corp. II (the "Company"), a special purpose acquisition company sponsored by an affiliate of B. Riley Financial, Inc. (Nasdaq: RILY), today announced the pricing of its initial public offering of 17,500,000 units at a price of $10.00 per unit. The units will be listed on the New York Stock Exchange ("NYSE") and trade under the ticker symbol "BMRG.U" beginning on May 20, 2020. Each unit consists of one share of Class A common stock and one-half of one redeemable warrant, each whole warrant exercisable to purchase one share of Class A common stock at a price of $11.50 per share. After the securities comprising the units begin separate trading, the shares of Class A common stock and the warrants are expected to be listed on the NYSE under the symbols "BMRG" and BMRG WS," respectively. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. The offering is expected to close on May 22, 2020. The Company intends to use the net proceeds from this offering to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Prior to this offering, an affiliate of the Company's sponsor entered into a forward purchase agreement which provides for the purchase by it (or its designees) of an aggregate of 2,500,000 units for an aggregate purchase price of $25,000,000 in a private placement to close concurrently with the closing of the Company's initial business combination. B. Riley FBR, Inc. is acting as the sole book-running manager. The Company has granted the underwriters a 45-day option to purchase up to an additional 2,625,000 units at the initial public offering price to cover over-allotments, if any.

IPOs: B. Riley Principal Merger Corp. II

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