BRC settles warrant lawsuit with Alta; receives $1M, issues 2.3M shares

BRC Inc.

Alta receives 2,300,100 BRCC shares; pays BRC $1,000,000 in settlement.
Lawsuit sought damages for alleged breach of warrant agreement preventing exercise in 2022.
Settlement shares issued under effective S-3 registration statement; case dismissed with prejudice.
Both parties release all claims; each bears own legal costs.

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