SEC-generated letter B. Riley Principal Merger Corp.

UPLOAD [Cover] - SEC-generated letter

Published: 2019-01-30 13:57:21
Submitted: 2019-01-30

Current View
                                                              January 30, 2019

Kenneth Young
Chief Executive Officer
B. Riley Principal Merger Corp.
299 Park Avenue
New York, NY 10171

       Re: B. Riley Principal Merger Corp.
           Draft Registration Statement on Form S-1
           Submitted December 10, 2018
           CIK No. 0001759824

Dear Mr. Young:

       We have reviewed your draft registration statement and have the
following comments. In
some of our comments, we may ask you to provide us with information so we may
understand your disclosure.

       Please respond to this letter by providing the requested information and
either submitting
an amended draft registration statement or publicly filing your registration
statement on
EDGAR. If you do not believe our comments apply to your facts and circumstances
or do not
believe an amendment is appropriate, please tell us why in your response.

      After reviewing the information you provide in response to these comments
and your
amended draft registration statement or filed registration statement, we may
have additional

Draft Registration Statement on Form S-1

Prospectus Summary
Our Business Combination Process, page 6

1.     We note your statement that your sponsor and each of your officers "have
agreed not to
       participate in the formation of, or become a sponsor or officer of, any
other special
       purpose acquisition company with a class of securities registered under
the Securities
       Exchange Act of 1934" until you have entered into a definitive agreement
for an initial
       business combination or failed to complete an initial business
combination within 24
       months of the closing of the offering. Please clarify that, if true,
this agreement includes
       SPAC transactions implicating the Securities Act of 1933.
 Kenneth Young
B. Riley Principal Merger Corp.
January 30, 2019
Page 2
2.     We note your statement that your certificate of incorporation will
provide that you
       renounce interests in any corporate opportunity offered to any director
or officer "unless
       such opportunity is expressly offered to such person solely in his or
her capacity as a
       director or officer of our company." Given the overlap and affiliation
between your
       management, the sponsor, and the underwriter, please explain in detail
how you will
       determine the scope of this renunciation. Explain how you intend to
delineate roles or
       establish meaningful guidelines for defining the sole capacity of a
director or officer of
       your company. Consider adding a risk factor regarding the potential
difficulties in
       determining when an opportunity is presented in a specific capacity.
Audit Committee, page 108

3.     Please clarify the status of the audit committee members' relationship
with your sponsor.
       That is, please clarify whether the members of the audit committee will
be independent of
       your sponsor, affiliated with your sponsor, etc. Please also clarify if
there will be any
       relationship between any audit committee members and your underwriter.
Underwriting (Conflicts of Interest), page 141

4.     We note your discussion of conflicts of interest in the underwriting
context. Please clarify
       if, as in the case of conflicts with your sponsor, you have identified a
mechanism to
       resolve conflicts of interest between the underwriter and the company.
        You may contact Joseph Kempf, Senior Staff Accountant, at (202)
551-3352 or Robert S.
Littlepage, Accounting Branch Chief, at (202) 551-3361 if you have questions
comments on the financial statements and related matters. Please contact
William Mastrianna,
Attorney-Adviser, at (202) 551-3778 or Celeste M. Murphy, Legal Branch Chief,
at (202) 551-
3257 with any other questions.

FirstName LastNameKenneth Young
                                                             Division of
Corporation Finance
Comapany NameB. Riley Principal Merger Corp.
                                                             Office of
January 30, 2019 Page 2
cc:       Daniel Nussen
FirstName LastName
Additional Files
0000000000-19-000353.txt   Complete submission text file   52440

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