B. Riley Principal 150 Merger Corp. announced that it has received $5.2 million in funding from B. Riley Principal 150 Sponsor Co., LLC

On February 23, 2021, B. Riley Principal 150 Merger Corp. closed the transaction. The company issued 5,200,000 units at a price of $10 per unit for gross proceeds of $5,200,000 in an over-allotment transaction. On the same date, the company entered into private placement warrants purchase agreement.