13D Filings
Babcock & Wilcox Enterprises, Inc.
BW
Initial Filing
Ownership

15.80%

Total Shares

15,573,362

Issuer CIK

1630805

CUSIP

05614L100

Event Date

Mar 30, 2025

Accepted

Apr 2, 2025, 09:00 PM

Reporting Persons (1)
NameType% of ClassAggregateSole VotingShared Voting
B. Riley Securities, Inc.
Broker-Dealer
15.80%15,573,36215,573,3620
Disclosure Items (6)

Security Title

Common Stock, par value $0.01

Issuer Name

Babcock & Wilcox Enterprises, Inc.

Issuer Address

1200 E. Market Street, Suite 650, Akron, OH, 44305

Filing Persons

B. Riley Securities, Inc. ("BRS")

Business Address

11100 Santa Monica Blvd, Suite 800, Los Angeles, CA 90025

Principal Occupation

The principal business of BRS is servicing as a broker dealer.

Convictions

None

Citizenship

Delaware

All of the shares of Common Stock to which this Statement relates were purchased on behalf of the Reporting Person

The Reporting Person purchased the Shares for investment purposes, and such purchases were made in the ordinary course of business of the Reporting Person. In pursuing such investment purposes, the Reporting Person may further purchase, hold, vote, trade, dispose or otherwise deal in the Common Stock at times, and in such manner, as they deem advisable to benefit from, among other things, (1) changes in the market prices of the shares of Common Stock(greek question mark) (2) changes in the Issuer's operations, business strategy or prospects(greek question mark) or (3) from the sale or merger of the Issuer. To evaluate such alternatives, the Reporting Person will closely monitor the Issuer's operations, prospects, business development, management, competitive and strategic matters, capital structure, and prevailing market conditions, as well as other economic, securities markets and investment considerations. Consistent with their investment research methods and evaluation criteria, the Reporting Person may discuss such matters with the management or Board of Directors of the Issuer (the "Board"), other stockholders, industry analysts, existing or potential strategic partners or competitors, investment and financing professionals, sources of credit, and other investors. Such evaluations and discussions may materially affect, and result in, among other things, the Reporting Person (1) modifying their ownership of the Common Stock(greek question mark) (2) exchanging information with the Issuer pursuant to appropriate confidentiality or similar agreements(greek question mark) (3) proposing changes in the Issuer's operations, governance or capitalization(greek question mark) (4) pursuing a transaction that would result in the Reporting Person' acquisition of all or a controlling interest in the Issuer(greek question mark) or (5) pursuing one or more of the other actions described in subsections (a) through (j) of Item 4 of Schedule 13D. In addition to the information disclosed in this Statement, the Reporting Person reserve the right to (1) formulate other plans and proposals(greek question mark) (2) take any actions with respect to their investment in the Issuer, including any or all of the actions set forth in subsections (a) through (j) of Item 4 of Schedule 13D(greek question mark) and (3) acquire additional shares of Common Stock or dispose of some or all of the shares of Common Stock beneficially owned by them, in each case in the open market, through privately negotiated transactions or otherwise. The Reporting Person may at any time reconsider and change their plans or proposals relating to the foregoing. As previously disclosed, on March 11, 2025, B. Riley Financial, Inc. ("BRF") effected a transaction pursuant to which BRF separated B. Riley Securities Holding, Inc. ("BRSH"), the parent company of BRS, from BRF. As a result of the transaction, BRS implemented its own operating and governance structure and established a board of directors independent from BRF. As a result, BRF is no longer the beneficial owner of the Shares held by BRS.

Percentage of Class

The information contained on the cover page to this Schedule 13D is incorporated by reference herein.

Number of Shares

The information contained on the cover page to this Schedule 13D is incorporated by reference herein.

Transactions

The Reporting Person's response to Item 4 is incorporated by reference herein.

Shareholders

Not applicable

Date of 5% Ownership

N/A

The Reporting Person's response to Item 4 is incorporated by reference herein.