NEW YORK, June 24, 2021 /PRNewswire/ -- B. Riley Principal
250 Merger Corp. (the "Company") (NASDAQ: BRIVU, BRIVW, BRIV), a
special purpose acquisition company sponsored by an affiliate of B.
Riley Financial, Inc. (NASDAQ: RILY), today announced that,
commencing June 28, 2021, the holders
of the Company's units (the "Units") may elect to separately trade
the shares of Class A common stock (the "Common Stock") and
warrants (the "Warrants") included in the Units.
The Common Stock and Warrants resulting from the unit separation
will trade on the Nasdaq Stock Market LLC ("Nasdaq") under the
symbols "BRIV" and "BRIVW", respectively. Units that are not
separated will continue to trade on the Nasdaq under the symbol
"BRIVU". No fractional Warrants will be issued upon separation of
the Units and only whole Warrants will trade. Holders of Units will
need to have their brokers contact Continental Stock Transfer &
Trust Company, the Company's transfer agent, in order to separate
the Units into Common Stock and Warrants.
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.
The offering of the Units was made only by means of a
prospectus, copies of which may be obtained from B. Riley
Securities, Inc. at 299 Park Avenue, New
York, New York 10171, by telephone at (800) 846-5050 or by
email at prospectuses@brileyfin.com.
About B. Riley Principal 250 Merger Corp.
B. Riley
Principal 250 Merger Corp. is a blank check company incorporated as
a Delaware corporation whose
business purpose is to effect 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 an initial business combination target in any industry
or geographic region, it intends to focus on established businesses
that have an aggregate enterprise value of approximately
$800 million to $2 billion. The Company will seek to capitalize
on the significant experience of its management team in
consummating an initial business combination with the ultimate goal
of pursuing attractive returns for shareholders. The Company is
sponsored by an affiliate of B. Riley Financial, Inc. (NASDAQ:
RILY). Visit https://brileyfin.com/principal250mergercorp/ for more
information.
Cautionary Note Concerning Forward-Looking
Statements
This press release contains statements that
constitute "forward-looking statements," including with respect to
the initial public offering and 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 and
prospectus for the initial public offering filed with 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.
Contacts
Investors:
Dan
Shribman
dshribman@brileyfin.com
(212) 457-3300
Media:
Jo Anne
McCusker
jmccusker@brileyfin.com
(646) 885-5425
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SOURCE B. Riley Principal 250 Merger Corp.