---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-26-003899"
form_type: "8-K/A"
ticker: "RILY"
cik: "0001464790"
company_name: "BRC Group Holdings, Inc."
filed_at: "2026-01-13T23:59:59+00:00"
generated_at: "2026-05-16T10:39:00.867498+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# BRC Group files pro forma financials for Atlantic Companies sale; H1 2025 net income improved $2.9M

## Summary
- Sale of Atlantic Companies closed March 3, 2025; pro forma assumes disposition on Jan 1, 2024.
- Pro forma net income available to common for H1 2025: $55.7M vs reported $52.8M (adjustment +$2.9M).
- Pro forma net loss available to common for FY2024: ($893.9M) vs reported ($900.0M) (adjustment +$6.1M).
- Removed Atlantic Companies revenues of $7.0M (H1 2025) and $38.2M (FY2024).
- Proceeds used to repay $21.2M on Oaktree credit facilities; interest expense reduced by $1.3M (H1) and $2.6M (FY).

## SEC filing metadata
- accession: 0001213900-26-003899
- form_type: 8-K/A
- ticker: RILY
- cik: 0001464790
- company_name: BRC Group Holdings, Inc.
- filed_at: 2026-01-13T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1464790/000121390026003899/0001213900-26-003899-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1464790/000121390026003899/ea026946602-8ka1_briley.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-26-003899
- JSON: https://secwatch.observer/filing/0001213900-26-003899.json
- Plain text: https://secwatch.observer/filing/0001213900-26-003899.txt

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