B. Riley Principal Merger, a blank check company formed by diversified financial services firm B. Riley Financial, raised $125 million by offering 12.5 million units at $10, as expected. Units consist of one share of common stock and one-half of one redeemable warrant exercisable at $11.50.
B. Riley Principal Merger plans to list on the NYSE under the symbol BRPM.U. B. Riley FBR acted as sole bookrunner on the deal.
