B. Riley Principal Merger Corp.
Completed 2020-02-18- CIK 1759824
- BRPM
- Now ALTG
- IPO 2019-04-09
- $146M trust
- 519 filings
Successfully merged with Alta Equipment Holdings, Inc. • Now trading as ALTG
- IPO Size
- $125M
- raised at the IPO
- Trust
- $146M
- as of 2019-12-31
- Current Status
- Completed
- from its latest filing
- IPO Year
- 2019
- year it listed
Filings, by quarter
519 filings over 33 quarters; violet bars carry a milestone
- 18 Q4: 1 filing
- 19 Q1: 8 filings
- 19 Q2: 26 filings
- 19 Q3: 3 filings
- 19 Q4: 6 filings
- 20 Q1: 53 filings
- 20 Q2: 16 filings
- 20 Q3: 8 filings
- 20 Q4: 27 filings
- 21 Q1: 16 filings
- 21 Q2: 16 filings
- 21 Q3: 15 filings
- 21 Q4: 14 filings
- 22 Q1: 23 filings
- 22 Q2: 30 filings
- 22 Q3: 15 filings
- 22 Q4: 6 filings
- 23 Q1: 15 filings
- 23 Q2: 25 filings
- 23 Q3: 17 filings
- 23 Q4: 10 filings
- 24 Q1: 25 filings
- 24 Q2: 26 filings
- 24 Q3: 27 filings
- 24 Q4: 14 filings
- 25 Q1: 10 filings
- 25 Q2: 15 filings
- 25 Q3: 5 filings
- 25 Q4: 4 filings
- 26 Q1: 17 filings
- 26 Q2: 19 filings
- 26 Q3: 6 filings
- 26 Q4: 1 filing
- S-1 filed 18 Q4
- IPO 19 Q2
- Definitive agreement 19 Q4
- Completed 20 Q1
SPAC Overview
Where it stands on the road from S-1 to merger
Timeline Progress
About
B. Riley Principal Merger Corp. is a blank-check company seeking an initial business combination with one or more businesses. It intends to pursue established businesses with an enterprise value of approximately $300 million to $1 billion that could benefit from public-market access and the management team's operational and strategic expertise.
Key Information
As the filings state it
- IPO Date
- 2019-04-09
- PIPE
- $35M
- Jurisdiction of Incorporation
- Delaware
- SIC
- 6770
- Completion Date
- 2020-02-18
- Merger Target
- Alta Equipment Holdings, Inc.
- SPAC Ticker
- BRPM
- Merged Ticker
- ALTG
Stock Performance
ALTGTrading symbol, and its price at each step since the first trade
| Point | Date | Price | Move |
|---|---|---|---|
| First Trade | 2019-04-25 | $9.70 | |
| At Merger | 2020-02-19 | $10.60 | +9% |
| 6 Months Post-Merger | 2020-08-20 | $8.52 | -20% |
| 1 Year Post-Merger | 2021-02-18 | $10.29 | -3% |
| 2 Years Post-Merger | 2022-02-18 | $12.96 | +22% |
| Current Price | 2026-10-14 | $6.09 | -37% |
SPAC Team
The banks on its IPO, and the team as the filings describe it
Underwriters
Extended Team Information
The team is led by Kenneth Young and Daniel Shribman, whose combined experience includes operating, deal-making and investing; both hold senior positions at B. Riley Financial. The broader team includes experienced directors and nominees with backgrounds in finance, investment, capital markets, logistics and corporate leadership.