B. Riley & Co. Acts as Placement Agent in $15.3 Million IP Financing for Finjan Holdings, Inc.
27 June 2017 - 11:00PM
B. Riley & Co. (“B. Riley”), a full service investment bank and
a wholly-owned subsidiary of B. Riley Financial, Inc. (NASDAQ:
RILY), acted as the placement agent in the $15.3 million Series A-1
Preferred Stock financing for Finjan Holdings, Inc. (the
“Company”), a leading cybersecurity company.
The financing was led by Soryn HLDR. This is the second IP
financing arranged by B. Riley on behalf of the Company in 13
months for total gross proceeds of $25.5 million. B. Riley’s
deal team was led by Salomon Kamalodine, MD Investment Banking, and
supported by Michael Guzman, SMD Corporate and Venture
Services.
This communication shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
About Finjan Holdings, Inc. Established nearly
20 years ago, Finjan is a globally recognized leader in
cybersecurity. Finjan's inventions are embedded within a strong
portfolio of patents focusing on software and hardware technologies
capable of proactively detecting previously unknown and emerging
threats on a real-time, behavior-based basis. Finjan continues to
grow through investments in innovation, strategic acquisitions, and
partnerships promoting economic advancement and job creation. For
more information, please visit www.finjan.com.
About Soryn HLDRSoryn HLDR was set up by
Halcyon Long Duration Recoveries Management LP and its affiliates
("Halcyon") in partnership with Soryn Capital, LLC, an affiliate of
Soryn IP Group, LLC, (www.sorynipgroup.com) a patent advisory and
finance firm headquartered in New York City.
About B. Riley & Co.B. Riley & Co.,
LLC is a leading investment bank which provides corporate
finance, research, and sales & trading to corporate,
institutional and high net worth individual clients. Investment
banking services include initial, secondary and follow-on
offerings, institutional private placements, and merger and
acquisitions advisory services. The firm is nationally recognized
for its highly ranked proprietary equity
research. B. Riley & Co., LLC is a member
of FINRA and SIPC.
B. Riley Financial, Inc. is a publicly traded, diversified
financial services company which takes a collaborative approach to
the capital raising and financial advisory needs of public and
private companies and high net worth individuals. The Company
operates through several wholly-owned subsidiaries,
including B. Riley & Co.,
LLC (www.brileyco.com), FBR Capital Markets & Co.
(www.fbr.com), Great American Group,
LLC (www.greatamerican.com), and B. Riley Capital
Management, LLC (which includes B. Riley Asset Management
(www.brileyam.com) and B. Riley Wealth Management,
(www.brileywealth.com). The Company also makes proprietary
investments in other businesses, such as the acquisition
of United Online, Inc. (www.untd.com) in July 2016,
where B. Riley Financial, Inc. is uniquely positioned to
leverage its expertise and assets in order to maximize value.
Media Contact
Salomon Kamalodine
Phone: (310) 689-2217
Email: skamalodine@brileyco.com
Michael Guzman
Phone: (310) 689-2236
Email: mguzman@brileyco.com
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