LOS ANGELES, Nov. 11, 2025 /PRNewswire/ -- B. Riley Financial, Inc. (Nasdaq: RILY) (the "Company") today announced that the Company will change its name to BRC Group Holdings, Inc. ("BRC"), effective on January 1, 2026.
BRC Group Holdings will continue to be a diverse portfolio of companies, including financial services, telecom, and retail, and investments in equity, debt and venture capital.
Bryant Riley, Chairman and Co-Chief Executive Officer of B. Riley Financial, said: "The decision to rename as BRC Group Holdings reflects our evolution over the last three decades from a financial services platform to a portfolio of diverse, distinct companies, each operating with its own dedicated management team and strategic focus.
"We have grown through opportunistic investments in diversified financial services, telecom and retail, and today, we take a significant step forward in encouraging our portfolio companies to cultivate their unique brand identities and define their futures."
BRC Group Holdings is a nod to the firm's original name. When founded in 1997, B. Riley & Co was commonly referred to as BRC.
The Company's Nasdaq ticker symbol will remain "RILY" and there will be no change to the ticker symbols for its preferred shares and tradeable senior notes.
The Company also plans to launch its new corporate website, www.brcgh.com, on January 1, 2026.
About B. Riley Financial
B. Riley Financial Inc. (Nasdaq: RILY), which is changing its name to BRC Group Holdings, Inc. on January 1, 2026, is a diversified portfolio of companies, including financial services, telecom, and retail, and investments in equity, debt and venture capital. Our core financial services platform provides small cap and middle market companies customized end-to-end solutions at every stage of the enterprise life cycle. Our banking business offers comprehensive services in capital markets, sales, trading, research, merchant banking, M&A, and restructuring. Our wealth management business offers wealth management and financial planning services including brokerage, investment management, insurance, and tax preparation. Our telecom businesses provide consumer and business services including traditional, mobile and cloud phone, internet and data, security, and email. Our retail companies provide home furnishings and mobile computing accessories. BRC deploys its capital inside and outside its core financial services platform to generate shareholder value through opportunistic investments. For more information, please visit www.brileyfin.com.
Forward-Looking Statements
Statements made in this press release that are not descriptions of historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and are based on management's current expectations and assumptions and are subject to risks and uncertainties. If such risks or uncertainties materialize or such assumptions prove incorrect, our business, operating results, financial condition, and stock price could be materially negatively affected. You should not place undue reliance on such forward-looking statements, which are based on the information currently available to us and speak only as of today's date. All statements other than statements of historical fact are forward-looking statements. These forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the Company's performance or achievements to be materially different from any expected future results, performance, or achievements. Forward-looking statements speak only as of the date they are made and the Company assumes no duty to update forward-looking statements, except as required by law. Actual future results, performance or achievements may differ materially from historical results or those anticipated depending on a variety of factors, some of which are beyond the control of the Company, including, but not limited to, the risks described from time to time in the Company's periodic filings with the SEC, including, without limitation, the risks described in the Company's 2024 Annual Report on Form 10-K under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" (as applicable). These factors should be considered carefully, and readers are cautioned not to place undue reliance on such forward-looking statements. All information is current as of the date this press release is issued, and the Company undertakes no duty to update this information.
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