BRC Group Holdings completes short-form merger with B. Riley Securities Holdings

BRC Group Holdings and B. Riley Securities Holdings merged on October 22, 2026, as reported in a Securities and Exchange Commission filing. Shares of BRC Group currently trade at $4.23, down 48% over the past six months. The merger was executed through BRSH Merger Sub LLC, an indirect subsidiary of BRC Group. Following the merger, BRSH Merger Sub LLC combined with BRSH, with BRSH surviving as a subsidiary of BRC Group.

Prior to the merger, BRSH Merger Sub LLC owned over 90% of BRSH's outstanding shares. Each outstanding share of BRSH stock, not already owned by BRSH Merger Sub LLC, was converted into the right to receive $8.88 in cash. Restricted stock awards held by BRSH were cancelled and replaced with substitute restricted stock awards of BRC Group common stock.

Andy Moore, CEO of B. Riley Securities and former board member of BRSH, received 374,720 shares of BRC Group common stock in exchange for his previous BRSH restricted stock award. BRC Group's financial health and strategic positioning are detailed in an InvestingPro Pro Research Report.