B. Riley Financial

Salted is an online platform focused on developing and scaling better-for-you quick-service restaurant brands. The company offers subscription-based virtual cooking classes that allow users to access cooking video tutorials online. This approach enables aspiring chefs and cooking enthusiasts to learn culinary skills in an enjoyable and convenient manner, all while eliminating the overhead associated with traditional restaurant operations.

Crawford & Winiarski offers damages analysis, litigation support, accounting investigations, financial reporting, and consultation services.

Scotch & Soda is a fashion brand that designs, markets, and retails apparel and accessories for men, women, and children. The company draws inspiration from global cultures, with a creative process rooted in the vibrant city of Amsterdam. Its team of passionate explorers seeks out unique artifacts, vintage pieces, and artistic influences from around the world, which inform their diverse collections. Scotch & Soda offers a wide range of products, including dresses, blazers, sweatshirts, skirts, trousers, jackets, footwear, and perfumes, catering to customers of all ages. The brand is known for its distinctive ability to blend different styles, fabrics, and patterns, resulting in signature looks that reflect a harmonious clash of eras and inspirations.

Cart.com is a leading provider of comprehensive commerce and logistics solutions that enable B2C and B2B companies to operate seamlessly across various channels. The company supports over 6,000 customers, including well-known consumer brands and complex B2B organizations, by offering a unified platform for business planning, merchant financing, order fulfillment, and marketing services. With a workforce of more than 1,000 employees, including AI and data scientists, and a network of 14 warehouses nationwide, Cart.com is well-positioned to assist middle market and enterprise-level companies in scaling their online operations and enhancing revenue.

Core Scientific, Inc. is a company that specializes in blockchain and artificial intelligence services, offering hosting, transaction processing, and application development. Founded in 2017 and based in Bellevue, Washington, the company provides a comprehensive range of services, including blockchain infrastructure, digital asset self-mining, and premium hosting solutions. Its operations are divided into two main segments: Equipment Sales and Hosting, which focus on blockchain infrastructure and third-party hosting, and a Mining segment dedicated to digital asset mining. Core Scientific emphasizes in-house management and data analytics to enhance its hosting services, ensuring effective monitoring and operational efficiency. The company's business model generates revenue through consumption-based contracts, hosting services, and the operation of its own mining equipment.

Lilium GmbH is an aviation company based in Wessling, Germany, focused on providing an on-demand air taxi service to enhance urban and suburban mobility. Founded in 2015, Lilium has developed the Lilium Jet, a fully-electric vertical take-off and landing aircraft designed to facilitate regional travel that is significantly faster than traditional rail or road options while remaining competitively priced. The Lilium Jet, which can accommodate seven passengers, is engineered for high performance with low noise emissions, supporting the company's goal of creating a sustainable and efficient transportation network for people and goods. The company's journey began with the successful first flight of its demonstrator aircraft in 2019, marking a significant milestone in its mission to revolutionize air mobility.

We take care of everything from site plan design, engineering, installation, operation and maintenance. Our end-to-end service plan makes it easy for property owners and operators to offer the value-add amenity of controlled access EV charging to their tenants, colleagues and customers without the burden of upfront capital expenditures. LaaS (Loop-as-a-Service) program participants utilize a portion of the estimated revenue generated from their EV charging stations to pay a fixed month term payment over a pre-determined period. This plan allows site hosts to receive upgrades immediately, be cash positive from day 1, and instantly increase the value of their property without ever going out of pocket.

Tritium offers energy freedom through flexible, scalable technology solutions that enable electric vehicle charging for everyone, everywhere it is needed. It is Veefil electric vehicle charging stations that support the adoption and growth of low-emission e-mobility in over 20 countries around the world.

Kitopi is a Kitchen as a Service (KaaS) platform that facilitates the establishment of delivery-only restaurant locations by offering managed kitchen infrastructure and software solutions. Founded in 2018 by Mohamad Ballout, Saman Darkan, Bader Ataya, and Andy Arenas, Kitopi operates a network of over 60 cloud kitchens across the United Arab Emirates, Saudi Arabia, Kuwait, and Bahrain. The company enables restaurateurs to minimize capital expenditure and streamline operations by providing essential services such as management, call assistance, delivery management, trained staff, and specialized technology. Although Kitopi expanded into the United States in 2019, it exited the market following the onset of the pandemic.

Quantum is a global specialist in backup, recovery, and archive. From small businesses to multinational enterprises, more than 50,000 customers trust Quantum to solve their data protection, retention, and management challenges. Quantum's best-of-breed, open systems solutions provide significant storage efficiencies and cost savings while minimizing risk and protecting prior investments. They include three market-leading, highly scalable platforms: DXi®-Series disk-based deduplication and replication systems for fast backup and restore, Scalar® tape automation products for disaster recovery and long-term data retention, and StorNext® data management software for high-performance file sharing and archiving

Exela Technologies is a leader in business process automation (BPA), offering a range of enterprise software and solutions tailored for specific industries as well as general applications. The company serves vital sectors such as banking, healthcare, and insurance, providing solutions that enhance operational efficiency in mission-critical environments. Exela's BPA suite includes workflow automation, cognitive automation, digital mailrooms, print communications, and payment processing, demonstrating its capability to streamline complex processes. The company operates through various segments, notably Information and Transaction Processing Solutions, which is its primary revenue source, along with Healthcare Solutions and Legal and Loss Prevention Services. With a global presence, Exela Technologies leverages its extensive experience to meet the evolving needs of its clients across multiple industries.

Greenidge is a 106MW natural gas power plant and blockchain mining facility. Greenidge Generation has been transformed into a power plant for the twenty-first century. In January 2020, Greenidge launched the first phase of a data center for blockchain mining. Greenidge was established in 1937 and is based in Dresden, New York, United States.

Cadiz Inc. is a natural resources development company based in Los Angeles, California, focusing on water resource and agricultural development in San Bernardino County. The company owns approximately 35,000 acres in the Cadiz and Fenner valleys, along with 11,000 acres in the eastern Mojave Desert. Cadiz is engaged in organic farming, cultivating lemons, grapes, and various vegetables on its properties. A significant aspect of its operations is the Cadiz Water Project, which aims to partner with public water agencies to enhance water supply for around 100,000 families in Southern California and create up to 1 million acre-feet of groundwater storage capacity. Additionally, the company is dedicated to the conservation and recovery of native groundwater, which is crucial for sustainable water management in the region. Cadiz, founded in 1983, continues to pursue initiatives that integrate land and water resource development with agricultural practices.

Avathon is an artificial intelligence technology startup that specializes in developing AI solutions for industrial applications. The company is recognized for its cutting-edge technology, particularly its AI-powered cyber-physical software designed to enhance safety, security, and reliability across IT, operational technology (OT), and the Internet of Things (IoT). Avathon's technology leverages real-time sensor data, continuously learning from it to improve risk mitigation and prevention strategies, thereby averting potential disasters. Their cognitive software, DeepArmor, effectively prevents and detects malware using advanced machine learning techniques. Avathon aims to assist clients in analyzing complex data, enhancing decision-making, and boosting productivity in human and industrial contexts, with a strong emphasis on defense, industrial IoT, and financial sectors.

FocalPoint is a leading investment bank that provides results-oriented advisory services across industries and deal types.

Salted is an online platform focused on developing and scaling better-for-you quick-service restaurant brands. The company offers subscription-based virtual cooking classes that allow users to access cooking video tutorials online. This approach enables aspiring chefs and cooking enthusiasts to learn culinary skills in an enjoyable and convenient manner, all while eliminating the overhead associated with traditional restaurant operations.

272 Capital is a registered investment advisor which seeks to provide attractive risk-adjusted returns through a long/short equity strategy with low net exposure.

Kitopi is a Kitchen as a Service (KaaS) platform that facilitates the establishment of delivery-only restaurant locations by offering managed kitchen infrastructure and software solutions. Founded in 2018 by Mohamad Ballout, Saman Darkan, Bader Ataya, and Andy Arenas, Kitopi operates a network of over 60 cloud kitchens across the United Arab Emirates, Saudi Arabia, Kuwait, and Bahrain. The company enables restaurateurs to minimize capital expenditure and streamline operations by providing essential services such as management, call assistance, delivery management, trained staff, and specialized technology. Although Kitopi expanded into the United States in 2019, it exited the market following the onset of the pandemic.

Bolttech is an InsurTech company that specializes in an AI-driven point-of-sale insurance platform, designed to create a technology-enabled ecosystem for protection and insurance. The platform provides a comprehensive range of offerings, including device protection, travel, motor, property, life insurance, and digital insurance, catering to the needs of consumers. By leveraging digital and data-driven capabilities, bolttech facilitates connections between insurers, distributors, and customers, streamlining the process of buying and selling insurance and protection products. The company is focused on expanding its presence internationally, particularly in Asia, to enhance accessibility and efficiency in the insurance market.

Continuous Composites, Inc. specializes in manufacturing and supplying advanced fiber 3D printing equipment, particularly its patented Continuous Fiber 3D printing (CF3D) technology. Founded in 2015 and based in Coeur d'Alene, Idaho, the company serves a diverse range of industries, including aerospace, automotive, defense, and construction. The CF3D solution harnesses composite materials in an additive manufacturing process, significantly addressing the challenges of high costs, lengthy lead times, and design limitations associated with traditional manufacturing methods. By providing tailorable, snap-curing thermoset materials, Continuous Composites enhances the application of composites in the production of complex parts, thereby facilitating innovation and efficiency across various sectors.

Liteboxer is a consumer electronics company providing a smart fitness platform. The company combines rhythm technology with workouts from trainers and brings fitness to home. It is an exercise machine as well as a music game. Jeffrey Morin founded the company in Hampton, New Hampshire in 2017.

BloomNation operates a community marketplace that connects local floral artisans with consumers seeking to discover and send floral arrangements. Founded in 2010 and based in Santa Monica, California, the platform allows florists and floral designers to create profiles, showcase their unique designs, and manage their businesses online. In addition to facilitating customer orders, BloomNation offers a suite of tools for florists, including website building, point-of-sale systems, inventory and customer management, and email marketing services. This approach not only enhances the visibility of local florists but also provides consumers with a diverse selection of floral creations from artisans in their area.

National Holdings Corporation (National) is a holding company. The Company's segments include brokerage and advisory services, tax and accounting services, and corporate. Its brokerage and advisory services segment includes broker-dealer and investment advisory services, sale of insurance products and licensed mortgage brokerage services provided by the Broker-Dealer Subsidiaries, National Asset Management, Inc., National Insurance Corporation, Prime Financial Services and GC Capital Corporation. Its tax and accounting services segment includes tax preparation and accounting services provided by Gilman Ciocia, Inc. The Company, through its subsidiaries, provides various financial services. Through National's broker-dealer and investment advisory subsidiaries, it offers retail brokerage to individual and institutional clients; provide investment banking, merger and acquisition and advisory services to micro, small and mid-cap companies and is engaged in trading securities.

Eos develops innovative, low-cost energy storage solutions for the electric utility, solar, and C&I industries. Its battery solutions ensure renewables are as reliable and competitive as the market expects and sustainable as the world needs.

IQvestment Holdings is a fintech company based in Woburn, Massachusetts, established in 2008. It specializes in providing a business-to-business eCommerce platform that offers discretionary investment management and advisory services. The firm serves independent investment advisors, banks, credit unions, and other institutions, enabling them to utilize its online portal for managing their clients' investments. Additionally, IQvestment offers similar services directly to individual and high-net-worth investors. The management of assets is overseen by the firm's executive team, ensuring a focused approach to investment strategies and client service.

The Arena Group Holdings is a media and technology company that specializes in developing and managing digital publishing platforms. It owns a diverse portfolio of brands across various sectors, including finance, sports, and lifestyle, and collaborates with other publishers to enhance its offerings. The company is dedicated to audience growth and revenue optimization, providing engaging content experiences that resonate with consumers. By leveraging its technology and editorial expertise, The Arena Group creates dynamic digital destinations that deliver impactful journalism and news on topics such as sports, personal finance, and lifestyle. The majority of its revenue is derived from digital channels, and the company focuses on utilizing advanced capabilities in direct sales, programmatic advertising, and data analytics to drive traffic and engagement.

Ventiva, Inc. is a manufacturer based in Santa Clara, California, specializing in thermal management solutions, consumer electronics, and semiconductors. Founded in 2003, the company has developed innovative products such as the Ventiva ICE™ S2 Solution, Ventiva ICE™ S1 Solution, and the Ventiva ICE™ P1 Development Power Supply. Central to its offerings is the Ionic Cooling Engine, an advanced cooling technology that addresses thermal management challenges in various consumer electronic devices, including laptops, ultra-thin TVs, and IoT applications. Ventiva ICE utilizes a unique active, hybrid cooling system that operates without moving parts or noise, making it suitable for next-generation electronics. This technology represents a significant advancement in thermal management, enabling clients to effectively control device temperatures while enhancing design flexibility. Ventiva ICE is currently being sampled to original equipment manufacturers (OEMs) and original design manufacturers (ODMs) worldwide.

SRAX, Inc. is a digital marketing and data technology company based in Los Angeles, California. Founded in 2009, the company specializes in providing tools that help businesses reach consumers effectively through marketing and advertising communications. Utilizing advanced machine learning technology, SRAX analyzes marketing data to identify consumer characteristics across various channels. The company offers a software as a service (SaaS) platform, which assists companies in understanding their shareholder base by tracking holdings and managing investor contact information. Additionally, SRAX operates the BIGToken platform, which allows consumers to manage their data while earning rewards for providing and verifying it. The company provides services in data management, audience optimization, and multi-channel marketing, and promotes its offerings through an in-house sales team and industry-specific events. SRAX was previously known as Social Reality, Inc. before rebranding in August 2019.

Boardroom Alpha develops analytics that set the standard for the assessment of public company directors, officers, and corporate governance to help investors and companies create long-term value. The company was founded in 2018 and is headquartered in Darien, Connecticut.

GlassRatner is a multi-office specialty financial advisory services firm providing Solutions to complex business problems and Board level agenda items. The firm applies a unique mix of skill sets and experience to address matters of the utmost importance to the enterprise such as planning and executing a major acquisition or divestiture, pursuing a fraud investigation or corporate litigation, managing through a business crisis or bankruptcy and other top level, non-typical business challenges.

bebe Stores is a retail company for contemporary fashion. The fashion retailer markets its merchandise under the bebe and bebe outlet names through more than 200 retail stores, more than 100 international-licensee operated stores, and bebe.com. bebe was founded in 1976 and is based in Brisbane, California.

Sonim Technologies, Inc. specializes in the production of ultra-rugged mobile phones and accessories tailored for task workers in demanding environments. The company offers a range of products, including models like the Sonim XP8, XP5s, and XP3, which operate on the Android platform and can connect to various wireless networks. In addition to mobile devices, Sonim provides industrial-grade accessories such as remote speaker microphones, multi-bay chargers, and hands-free communication solutions. The company also develops cloud-based software and application services, enhancing the functionality of its rugged devices. Sonim primarily serves wireless carriers in the United States and Canada, catering to sectors like transportation, construction, manufacturing, and public services. Founded in 1999 and headquartered in Austin, Texas, Sonim Technologies has established itself as a leader in rugged mobile solutions, focusing on the needs of professionals who operate in harsh conditions.

Sonim Technologies, Inc. specializes in the production of ultra-rugged mobile phones and accessories tailored for task workers in demanding environments. The company offers a range of products, including models like the Sonim XP8, XP5s, and XP3, which operate on the Android platform and can connect to various wireless networks. In addition to mobile devices, Sonim provides industrial-grade accessories such as remote speaker microphones, multi-bay chargers, and hands-free communication solutions. The company also develops cloud-based software and application services, enhancing the functionality of its rugged devices. Sonim primarily serves wireless carriers in the United States and Canada, catering to sectors like transportation, construction, manufacturing, and public services. Founded in 1999 and headquartered in Austin, Texas, Sonim Technologies has established itself as a leader in rugged mobile solutions, focusing on the needs of professionals who operate in harsh conditions.

magicJack VocalTec provides carrier-class voice-over Internet protocol (VoIP) solutions for communication service providers worldwide. Its Essentra product family includes Essentra CX media gateway controller that enables providers of national and international long distance services, as well as VoIP providers to build and/or migrate their infrastructure to packet-based VoIP networks, with connectivity to PSTN/SS7 services; Essentra EX peering manager, which facilitates peering between SIP and/or H.323 networks and addresses carriers' requirements in the areas of protocol interworking, security, and intelligent voice routing; Essentra BAX application server that enables the delivery of residential and hosted enterprise VoIP services over various broadband access infrastructures; and ESSENTRA OSS operation support server, a centralized Web-based management system, which enables remote management, service configuration, monitoring, and provisioning of Essentra Elements. The company develops, markets, and supports advanced telecom solutions that enable the deployment and migration of telephony networks from legacy networks to next generation packet-based networks; and implementation of Greenfield next generation telecom networks. Its solutions handle call control, media relay, signaling, and security in next-generation networks. The company's SIP-based solutions support various other protocols, including Megaco/H.248, MGCP, H.323, SIGTRAN M3UA/IUA, and SS7; and incorporate elements of the IMS/TISPAN architecture. It markets and distributes its products directly, as well as through various distribution channels to fixed-line national and international long distance carriers, competitive local exchange carriers, VoBB providers, incumbent local exchange carriers, alternative VoIP telephony carriers, Internet telephony service providers, and mobile operators.

Founded in 1996 in Memphis, Tennessee, Wunderlich is a full-service investment firm serving the needs of individuals, corporations and institutional clients through our wealth management, investment banking and capital markets divisions. Additionally, we offer inter-dealer institutional fixed income trading services through Fundamental Broker Inter-Dealer (FBI) and operate registered investment advisory subsidiaries. Our firm was ranked among the fastest growing private companies in America by Inc. Magazine from 2010 through 2013. In 1996, then 26-year old Gary Wunderlich coupled his investment banking background with an entrepreneurial vision when he acquired a small broker/dealer in Memphis, Tennessee, and launched Wunderlich Securities. During a time of broad consolidation among the larger, regional investment firms, Wunderlich sought to fill a void with his new venture. Initially, Wunderlich Securities focused only on serving individual investors in the Memphis area. But within two years, the industry took notice and Wunderlich’s Private Client Group welcomed a team of like-minded advisors in Houston, Texas, which became the firm’s first of many branch locations. By 2002, the firm was well-established with 60 experienced financial advisors. Over the next six years, Wunderlich expanded its reach into institutional sales, trading and research with the launch of its Fixed Income division, followed shortly by an Equity Capital Markets division. During this time, the firm’s growth and business model attracted the attention of Coil Investment Group, a Norwegian-based private equity and venture capital firm, which then became a financial partner in 2007. This investment fueled continued expansion for Wunderlich in the years ahead. As the Private Client Group added advisors and new locations in Tennessee and Michigan, the Equity division expanded into investment banking as a result of two banking boutique acquisitions. By 2011, the firm’s equity research effort had grown to 16 analysts following over 200 companies. Considered by this time a full-service financial services firm as a result of a broad offering of individual and institutional services, Wunderlich was recognized by Inc. Magazine as one of the fastest growing private companies of 2010. This honor was repeated again in 2011, 2012 and 2013 as the firm continued to chart steady growth across all divisions. By 2013, Wunderlich’s Private Client Group had surpassed 200 financial advisors with $8 billion in client assets. During that year, the firm received a second capital investment through Altamont Capital Partners, a California-based private equity firm with over $1 billion in capital. Yet another notable milestone was Wunderlich Investment Company’s 2015 acquisition of Dominick & Dominick, an esteemed firm with a history spanning more than a century on Wall Street. This group of advisors continues to serve high-net worth investors from offices in New York, Miami and Atlanta as a division of the Wunderlich Securities Wealth Management division. Within a few months, the firm also added a Dallas-based investment advisory firm, Fiduciary Financial Services of the Southwest, with over $400 million in assets under management to our company. At the conclusion of its 2015 fiscal year in June, Wunderlich had 500 associates working in more than 25 locations across 17 states to manage $10+ billion of client assets. As Wunderlich looks forward to the 20th anniversary of its founding, the firm is committed to the vision that has led to its success thus far – remaining ever diligent in its focus to serve Wunderlich's clients well.

FBR & Co is a full-service investment banking, institutional sales, trading and research and asset management firm with a customer-focused and innovative approach to meeting their clients' needs. In addition, they make principal investments, including merchant banking investments, with their own capital.

Eleven James is a luxury timepiece membership brand that offers a modern approach to experiential luxury through a subscription model. Members can select and wear a curated collection of thousands of exquisite timepieces from over 30 prestigious brands for limited periods, allowing them to explore and enjoy luxury without the constraints of ownership. By establishing a unique consignment channel for luxury watches, Eleven James provides a diverse selection that surpasses traditional wholesalers and retailers, redefining the luxury watch experience for its clientele.

United Online, Inc. is a prominent provider of consumer products and services delivered over the Internet, with a substantial online audience exceeding 100 million registered accounts. Headquartered in Woodland Hills, California, the company operates through three segments: Communications, Commerce & Loyalty, and Social Media. The Communications segment offers various Internet access services including dial-up, mobile broadband, and DSL under the NetZero and Juno brands, along with additional services such as email and web hosting. The Commerce & Loyalty segment focuses on loyalty marketing through the MyPoints brand and provides shopping options via online portals and apps. The Social Media segment delivers networking services under the StayFriends and Trombi brands, facilitating connections among users with shared high school affiliations while offering advertising opportunities across its platforms. United Online has a global presence, with operations extending to Germany, Sweden, Austria, Switzerland, and France. The company was founded in 2001 and has since established itself as a key player in the online service industry.