B. Riley Financial, Inc. - May 6, 2021 Form 3 Insider Report for B. Riley Principal 250 Merger Corp. (BRIV)

Role
10%+ Owner
Signature
/s/ Russell Deutsch, Attorney-in-Fact for B. Riley Financial, Inc.
Stock symbol
BRIV
Transactions as of
May 6, 2021
Transactions value $
$0
Form type
3
Date filed
5/7/2021, 09:19 AM
Next filing
May 12, 2021

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding BRIV Class B Common Stock May 6, 2021 Class A Common Stock 4.31M By B. Riley Principal 250 Sponsor Co., LLC F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares of Class B common stock are convertible for shares of the Issuer's Class A common stock at the time of the Issuer's initial business combination as described under the heading "Description of Securities" in the Issuer's Registration Statement on Form S-1 (File No. 333- 253464) (the "Registration Statement") and have no expiration date.
F2 The shares represent the Class B common stock beneficially owned by the Reporting Persons, acquired pursuant to a subscription agreement by and between B. Riley Principal 250 Sponsor Co., LLC (the "Sponsor") and the Issuer. The shares of Class B common stock owned by the Sponsor include up to 562,500 shares of Class B common stock subject to forfeiture to the Issuer depending on the extent to which the underwriters' over-allotment option is exercised in connection with the Issuer's initial public offering of units, as described in the Registration Statement.
F3 B. Riley Principal Investments, LLC ("BRPI") is the managing member of the Sponsor and is a wholly-owned subsidiary of B. Riley Financial ("BRF"). BRPI and BRF have voting and dispositive power over the securities held by the Sponsor. Bryant Riley is the Co-Chief Executive Officer and Chairman of the Board of Directors of B. Riley Financial. Bryant R. Riley is also the Chairman of the Board of Directors of the Issuer. As a result, each of BRPI, B. Riley Financial and Bryant R. Riley may be deemed to indirectly beneficially own the securities directly held the sponsor. Each of BRPI, B. Riley Financial and Bryant Riley disclaims beneficial ownership over any securities directly held by the Sponsor other than to the extent of its/his respective pecuniary interest therein, directly or indirectly.

Remarks:

See Exhibits 24.1, 24.2, 24.3 and 24.4 - Powers of Attorney.