Sangoma Technologies (SANG) shares soared more than 35% after entering a definitive deal to be bought by an affiliate of BRC Group Holdings (RILY), with the tra
TORONTO & LOS ANGELES--(BUSINESS WIRE)--Sangoma Technologies Corporation (TSX: STC; NASDAQ: SANG) (“Sangoma”), a trusted industry leader uniquely offering businesses a choice of on-premises, cloud-based or hybrid communications solutions, and BRC Group Holdings, Inc. (NASDAQ: RILY) (“BRC”), a diversified holding company with a scaled business communications portfolio, announced today that the companies have entered into a definitive arrangement agreement (the “Arrangement Agreement”) pursuant t.
Transaction values Sangoma at an enterprise value of approximately $204 million (C$289 million) On a combined basis, BRC communications businesses and Sangoma generated approximately $441 million in trailing-twelve-month revenue as of June 2026 BRC's communications businesses generated approximately $52 million of segment income on a trailing-twelve-month basis as of June 2026 LOS ANGELES and TORONTO, Sept. 28, 2026 /PRNewswire/ -- BRC Group Holdings, Inc. (NASDAQ: RILY) ("BRC" or the "Company"), a diversified holding company, and Sangoma Technologies Corporation (TSX: STC; NASDAQ: SANG) ("Sangoma"), a trusted industry leader delivering cloud-based, on-premises, and hybrid communications solutions, today announced a definitive agreement under which a wholly owned subsidiary of BRC will acquire all issued and outstanding common shares of Sangoma.
Shares of B. Riley Financial, Inc. (NASDAQ: RILY - Get Free Report) crossed below its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $7.07 and traded as low as $6.16. B. Riley Financial shares last traded at $6.24, with a volume of 742,722 shares. Wall Street
LOS ANGELES, Aug. 28, 2026 /PRNewswire/ -- BRC Group Holdings, Inc. (Nasdaq: RILY) ("BRC" or the "Company") today announced that it has called for the full redemption equal to $142,137,375 aggregate principal amount of its 6.50% Senior Notes due 2026 (the "Notes") on September 29, 2026 (the "Redemption Date"). The redemption price is equal to 100% of the aggregate principal amount, plus any accrued and unpaid interest from the most recent Interest Payment Date and up to, but excluding, the Redemption Date, as set forth in each notice of redemption delivered to noteholders on August 28, 2026.
B. Riley Financial NASDAQ: RILY reported second-quarter net income attributable to common shareholders of $19 million, or $0.45 per diluted share, as its capital markets, wealth management and communications businesses contributed to what Chairman, Founder and Co-CEO Bryant Riley called the company's best core operating quarter in nearly three years.
BRC Group Holdings, Inc. (RILY) Q2 2026 Earnings Call Transcript
Second Quarter 2026 Net Income Available to Common Shareholders of $18.5 Million; Second Quarter 2026 Adjusted EBITDA of $61.3 Million; Operating Adjusted EBITDA of $66.0 Million LOS ANGELES, Aug. 6, 2026 /PRNewswire/ -- BRC Group Holdings, Inc. (Nasdaq: RILY) ("BRCGH" or the "Company"), a diversified holding company, today released its financial results for the three and six months ended June 30, 2026. Second Quarter and Six Months Ended June 30, 2026 Highlights Revenues: Year-to-date revenues increased 44% to $591.2 million; second quarter revenues increased to $239.1 million, up from $225.3 million in the prior-year period.
LOS ANGELES, July 23, 2026 /PRNewswire/ -- BRC Group Holdings, Inc. (NASDAQ: RILY) will host a conference call to review its second quarter 2026 financial results on August 6, 2026 at 4:30 p.m. Eastern time (1:30 p.m.
BRC Group (RILY) delivered blowout Q1 2026 earnings of $211M, driven by bull market gains and strong operating performance. RILY's balance sheet leverage has improved, with Q2 net debt estimated at $303M and net debt/2026 adjusted EBITDA at 2.0x. RILYZ baby bonds now yield 20.1% to maturity, while RILYL preferreds remain deferred but offer strong protective covenants.
