BRC Group pro forma shows GlassRatner sale worsened net losses across 2022-2024

BRC Group Holdings, Inc.

Sale removed $92.2M in services fees (2024); operating loss increased by $21.8M after disposal.
Pro forma net loss available to common: 2024 $914M vs $900M; 2023 $167M vs $157M; 2022 $281M vs $278M.
Company used ~$32.9M of proceeds to repay Oaktree term loan, saving ~$3.8M in annual interest.
Transition services agreement with buyer provides estimated fees for six months post-close.
GlassRatner was substantially all of the Financial Consulting segment; now reported as discontinued ops.

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