BRC Group (f/k/a B. Riley) completes sale of Wealth W-2 business to Stifel for $26M cash

BRC Group Holdings, Inc.

Net cash consideration of $26.0M; 36 advisors with $4.0B in AUM as of March 31, 2025.
Pro forma shows six-month June 30, 2025 net income available to common shareholders of $51.0M vs $52.8M as reported.
Pro forma for FY2024 net loss available to common shareholders of $907.9M vs $899.9M as reported.
Approximately $13.25M of proceeds used to repay Oaktree term loan; effective interest rate adjustments included.

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