---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-24-011734"
form_type: "8-K"
ticker: "BRCC"
cik: "0001891101"
company_name: "BRC Inc."
filed_at: "2024-03-06T23:59:59+00:00"
generated_at: "2026-06-05T03:02:04.280848+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# BRC Inc. restates Q3 2023 cash flows; cites $6.7M in classification errors, material weakness

## Summary
- Audit Committee concludes Q3 2023 cash flow statements unreliable; restatement will appear in upcoming 10-K.
- Losses on asset disposals misclassified: operating cash outflow overstated by $4.4M; investing cash understated by $4.4M.
- Non-cash portion of capex miscalculated: operating cash overstated by $2.3M; investing cash understated by $2.3M.
- No impact on balance sheet or income statement; cash balances unchanged.
- Material weakness in internal control over financial reporting to be disclosed in the 2023 10-K.

## SEC filing metadata
- accession: 0001140361-24-011734
- form_type: 8-K
- ticker: BRCC
- cik: 0001891101
- company_name: BRC Inc.
- filed_at: 2024-03-06T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 4.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1891101/000114036124011734/0001140361-24-011734-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1891101/000114036124011734/ef20023446_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-24-011734
- JSON: https://secwatch.observer/filing/0001140361-24-011734.json
- Plain text: https://secwatch.observer/filing/0001140361-24-011734.txt

## Key facts
- Auditor Changes
  BRC Inc. reported that prior financial statements should not be relied upon.
  - Action: non reliance
  source text: On March 6, 2024, the Audit Committee of the Board of Directors (the “Audit Committee”) of BRC Inc. (the “Company”), based on the recommendations of, and after consultation with, the Company's management, concluded that the Company's previously issued consolidated statements of cash flows for the nine months ended September 30, 2023 (the “Non-Reliance Period”), included in the Company's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 9, 2023 (the “Form 10-Q”), should no longer be relied upon due to certain errors identified by management.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1891101/000114036124011734/0001140361-24-011734-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.