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NEW YORK, Feb. 18, 2021 /PRNewswire/ -- B. Riley Principal 150 Merger Corp. (the "Company"), a special purpose acquisition company sponsored by an affiliate of B. Riley Financial, Inc. (Nasdaq: RILY), today announced the pricing of its initial public offering of 15,000,000 units at a price of $10.00 per unit. The units will be listed on the Nasdaq Capital Market ("Nasdaq") and trade under the ticker symbol "BRPMU" beginning on February 19, 2021.
Each unit consists of one share of Class A common stock and one-third of one redeemable warrant, each whole warrant exercisable to purchase one share of Class A common stock at a price of $11.50 per share. After the securities comprising the units begin separate trading, the shares of Class A common stock and the warrants are expected to be listed on Nasdaq under the symbols "BRPM" and "BRPMW," respectively. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. The offering is expected to close on February 23, 2021.