Finance
B. Riley Rises After Nomura Extends Date for Audited Financials
- Firm now has until April 29 to comply with loan requirement
- The extra time follows a failure to meet SEC filing deadline
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B. Riley Financial Inc., the boutique investment bank facing questions about its dealings with a former business partner, jumped as much as 15% after gaining extra time to supply missing financial data to its lenders.
Nomura Holdings Inc. gave B. Riley an extension until April 29 under its existing credit agreement to file audited 2023 financials with the bank, according to a regulatory filing on Wednesday. B. Riley said it didn’t incur additional fees and “does not believe it will require the full period” to comply. The stock rose $2.26 to $21.23 at 10 a.m. in New York and traded as high as $21.86.