#USA #Class Action #Wilmington #Settlement #B. Riley Securities

Overview of the Proposed Settlement

A class action lawsuit has recently emerged in Delaware Chancery Court involving stockholders of B. Riley Principal 150 Merger Corp. The case was initiated by plaintiff Nathan Carter against various defendants, including B. Riley Securities, Inc. and other affiliated companies. The proposed settlement, if approved, aims to compensate those who held shares but did not redeem them as of the redemption date on July 13, 2022.

Key Details of the Settlement

The proposed settlement totals $3.25 million, which comprises at least $1.1 million in cash alongside potential stock contributions from GameSquare Holdings, Inc. This resolution is intended to address the claims raised in the ongoing legal action, with a planned hearing to discuss the settlement scheduled for May 13, 2025.

Settlement Hearing Details

During this Settlement Hearing, presided over by Honorable Chancellor Kathaleen St. Jude McCormick, several important decisions will be made, including:

• - Final certification of the class members for settlement purposes
• - Approval of the adequacy of representation by Mr. Carter and his counsel
• - Assessment of the settlement's fairness and reasonableness
• - Determination of how the settlement funds will be allocated across eligible class members

Who is Affected?

This notice serves to inform all record and beneficial holders of B. Riley Principal 150 Merger Corp. Common Stock as of the redemption date. Importantly, individuals who belong to the class but are classified as Excluded Persons are not eligible for the settlement.

How to Participate

If you hold shares that qualify for the settlement, you could benefit from it without needing to submit a claim. The compensation will be distributed pro rata based on the number of eligible shares owned. For those interested, further details can be found by visiting the settlement website: www.BRPMStockholderSettlement.com.

Important Dates

• - Settlement Hearing: May 13, 2025
• - Objection Deadline: April 29, 2025

The announcement underscores the significance of shareholder rights and exemplifies the ongoing efforts to secure justice and compensation for affected investors. Stakeholders and shareholders of B. Riley Principal 150 Merger Corp are encouraged to stay informed and participate in the upcoming hearing, either in person or remotely.

Conclusion

As this situation progresses, updates and more information will be posted on the dedicated website. Investors are reminded to exercise their rights cautiously and to seek counsel if necessary. The success of this action could set precedents for future similar cases in the financial and investment sectors.