B. Riley Principal 150 Merger Corp. announced a private placement of 425,000 units for $10 per unit for a gross proceed of $4,250,000 on January 8, 2021. The transaction will include participation from returning investor B. Riley Principal 150 Sponsor Co., LLC. The transaction also include an oversubscription of 45,000 units for $10 per unit for an additional gross proceeds of $450,000 in the aggregate if the investors option to purchase additional units is exercised in full. The units issued will consist of 425,000 shares of Class A common stock underlying private placement units or 470,000 shares of Class A common stock underlying the private placement units if the underwriters’ over-allotment option is exercised in full and underlying warrants to purchase an aggregate of 141,667 shares of Class A common stock or up to 156,667 common shares at $11.50 per share. Each unit subject to adjustment, will not be redeemable, will not be transferable, assignable or salable until 30 days after the completion of initial business combination and will be entitled to registration rights. The transaction will close simultaneously with the closing of public offering. The warrant is exercisable to the later of 30 days after the completion of initial business combination. The investor has also entered into a forward purchase agreement with the company.