B. Riley Principal Merger Corp. Announces the Separate Trading of its Common Stock and Warrants, Commencing April 25, 2019
April 22 2019 - 8:30AM
B. Riley Principal Merger Corp. (NYSE: BRPM.U) (the “Company”)
announced today that, commencing on or about April 25, 2019, 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 that are separated will trade on the New
York Stock Exchange (the “NYSE”) under the symbols “BRPM” and “BRPM
WS”, respectively. Units that are not separated will continue to
trade on the NYSE under the symbol “BRPM.U”. 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 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.
Contacts
InvestorsDaniel
Shribmandshribman@brileyfin.com(212) 457-3300
MediaJo Anne
McCuskerjmccusker@brileyfin.com(646) 885-5425
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