We picked up $70 million in owner's equity!!!!
Currently, GAMR's balance sheet prior to merger:
$73 million in assets and $78 million in liabilities-- shareholder's equity of negative $4.1 million
Post this merger:
$93 million in assets and $29.2 million in liabilities-- shareholder's equity of positive $63.8 million... & no need or concern to worry about them needing to raise more capital. Going forward, company of around $110 million in sales and $12 million in EBIDTA.
GAMR eliminating $48.8 million worth of long term debt at a discounted amount of $30 million using the proceeds from the private placement. They will keep the remaining $21 million in cash.
Looks like a damn good deal to me.
Recent RILY News
- B. Riley Financial to Report First Quarter 2024 Results on Wednesday May 15, 2024 • PR Newswire (US) • 05/08/2024 08:05:00 PM
- B. Riley Will Hold its Annual Commissions for Charity Day on May 16, 2024 • PR Newswire (US) • 05/08/2024 05:25:00 PM
- B. Riley Financial Announces Full Redemption of 6.75% Senior Notes due 2024 • PR Newswire (US) • 05/01/2024 11:30:00 AM
- Planet Cyclery and Colorado Cyclist Sitewide Closing Sale Features Discounts of Up to 30% Across all Apparel, Bike Parts and Accessories • PR Newswire (US) • 04/29/2024 04:00:00 PM
- B. Riley Financial Regains Compliance with Nasdaq Listing Rule 5250(c)(1) • PR Newswire (US) • 04/26/2024 01:01:00 PM
- B. Riley Financial Files 2023 Annual Report on Form 10-K • PR Newswire (US) • 04/24/2024 10:31:00 AM
- B. Riley Farber Expands Western Canada Restructuring Practice with Senior Hire • PR Newswire (US) • 04/22/2024 11:30:00 AM
- B. Riley Farber Expands Western Canada Restructuring Practice with Senior Hire • PR Newswire (Canada) • 04/22/2024 11:30:00 AM
- Atlantic Coast Recycling Unveils State-of-the-Art Recycling Facility; Capital Investment Led by B. Riley Financial • PR Newswire (US) • 04/19/2024 06:17:00 PM
- B. Riley Financial Declares Preferred Stock Dividends • PR Newswire (US) • 04/09/2024 11:31:00 AM
- B. Riley Expands Corporate Advisory and Valuation Services Practice with Key Hire • PR Newswire (US) • 03/25/2024 12:30:00 PM
- B. Riley Financial Announces Notification of Delinquency with Nasdaq • PR Newswire (US) • 03/22/2024 08:30:00 PM
- B. Riley Financial, Inc. Securities Fraud Class Action Lawsuit Pending: Contact The Gross Law Firm Before March 25, 2024 to Discuss Your Rights - RILY • PR Newswire (US) • 03/11/2024 10:40:00 AM
- B. Riley Securities Announces Sponsors of 24th Annual Institutional Investor Conference • PR Newswire (US) • 03/07/2024 12:31:00 PM
- B. Riley Financial, Inc. Class Action: The Gross Law Firm Reminds B. Riley Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of March 25, 2024 - RILY • PR Newswire (US) • 03/07/2024 10:45:00 AM
- March 25, 2024 Deadline: Contact The Gross Law Firm to Join Class Action Suit Against RILY • PR Newswire (US) • 03/05/2024 10:45:00 AM
- B. Riley Financial Launches Review of Strategic Alternatives for Appraisal and Retail, Wholesale & Industrial Solutions Businesses • PR Newswire (US) • 02/29/2024 09:03:00 PM
- B. Riley Financial Reports Preliminary Unaudited Fourth Quarter and Full Year 2023 Results; Declares Quarterly Dividend of $0.50 per share • PR Newswire (US) • 02/29/2024 09:00:00 PM
- B. Riley Securities to Host Radiopharma Investor Conference in New York on March 1, 2024 • PR Newswire (US) • 02/26/2024 12:31:00 PM
- B. Riley Financial Board of Directors Issues Statement Regarding Internal Review • PR Newswire (US) • 02/22/2024 12:31:00 PM
- B. Riley Financial to Report Fourth Quarter and Full Year 2023 Results on Thursday February 29, 2024 • PR Newswire (US) • 02/22/2024 12:30:00 PM
- The Gross Law Firm Notifies Shareholders of B. Riley Financial, Inc. (RILY) of a Class Action Lawsuit and an Upcoming Deadline • PR Newswire (US) • 02/22/2024 10:45:00 AM
- The Gross Law Firm Notifies B. Riley Financial, Inc. Investors of a Class Action Lawsuit and Upcoming Deadline • PR Newswire (US) • 02/09/2024 10:45:00 AM
- The Gross Law Firm Notifies Shareholders of B. Riley Financial, Inc. of a Class Action Lawsuit and a Lead Plaintiff Deadline of March 25, 2024 - (NASDAQ: RILY) • PR Newswire (US) • 02/02/2024 10:45:00 AM
- B. Riley Financial Announces Partial Redemption of 6.75% Senior Notes due 2024 • PR Newswire (US) • 01/30/2024 12:30:00 PM
Avant Technologies Equipping AI-Managed Data Center with High Performance Computing Systems • AVAI • May 10, 2024 8:00 AM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement • ELEM • May 8, 2024 9:05 AM
Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM