Spin-off - B. Riley Securities, Inc.

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Form Type: SCHEDULE 13D

Filing Date: 2025-04-02

Corporate Action: Spin-off

Type: New

Accession Number: 000121390025028336

Filing Summary: On April 2, 2025, B. Riley Securities, Inc. filed a Schedule 13D regarding its ownership interest in Babcock & Wilcox Enterprises, Inc. indicating it holds shares for investment purposes and is actively monitoring the company’s operations, business strategies, and market conditions. It also highlights the spin-off event where on March 11, 2025, B. Riley Financial, Inc. separated B. Riley Securities Holding, Inc., which resulted in B. Riley Securities, Inc. establishing its own governance structure independent from B. Riley Financial. B. Riley Securities may pursue various actions concerning its ownership, including buying additional shares or disposing of existing ones depending on market conditions and internal evaluations.

Additional details:

Common Stock Amount: 15573362.00

Percentage Of Class: 15.8

Purchase Reasons: investment purposes

Governance Change: independent from BRF

Company Address: 1200 E. Market Street, Suite 650, Akron, OH 44305

Broker Address: 11100 Santa Monica Boulevard, Suite 800, Los Angeles, CA 90025

Issuer Name: Babcock & Wilcox Enterprises, Inc.

Exchange Check: false

Company Par Value: $0.01

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