B. Riley Asset Management Acquires Rights to Manage Dialectic Hedge Funds
- Press Release
Los Angeles, CA June 11 2014--B. Riley & Co., LLC, (B. RILEY) www.brileyco.com, a leading investment bank which provides a full array of corporate finance, research, sales and trading services, announced that it acted as sole underwriter in a $2,860,000 Public Offering for Advanced Photonix, Inc. (NYSE:MKT: API).
The offering, which closed June 6, 2014, consisted of 5,391,304 shares of common stock priced at $.53 per share.
The B. RILEY banking team included Chairman Bryant Riley, Managing Director Michael Lowell and Vice President Grace Wang.
Ann Arbor, Michigan-based Advanced Photonix is a supplier of optoelectronic sensors, devices and instruments used by Test and Measurement, Process Control, Medical, Telecommunication and Homeland Security markets. www.advancedphotonix.com
B. RILEY is actively engaged in assisting with the capital raising needs of publicly traded companies which meet its investing criteria. It has significant experience in the Technology sector, with resources dedicated to coverage of the telecommunications, optical components and homeland security sectors.
Information contained herein should not be considered an offer or solicitation to buy or sell securities.
About B. RILEY:
B. Riley & Co., LLC (B. RILEY) is a leading investment bank which provides a full array of 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 to public and private middle market companies. The firm is nationally recognized for its highly ranked proprietary equity research. Founded in 1997, B. RILEY is headquartered in Los Angeles and maintains offices in: New York, San Francisco, and Newport Beach, California. It is a member of FINRA and SIPC. For more information, please visit www.brileyco.com
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