{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-26-003901","form_type":"8-K/A","ticker":"RILY","cik":"0001464790","company_name":"BRC Group Holdings, Inc.","filed_at":"2026-01-13T23:59:59+00:00","discovered_at":"2026-05-14T18:02:35.125384+00:00","generated_at":"2026-05-16T10:39:07.967783+00:00","sec_items":["8.01","2.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"BRC Group (f/k/a B. Riley) completes sale of Wealth W-2 business to Stifel for $26M cash","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-26-003901","json":"https://secwatch.observer/filing/0001213900-26-003901.json","markdown":"https://secwatch.observer/filing/0001213900-26-003901.md","text":"https://secwatch.observer/filing/0001213900-26-003901.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1464790/000121390026003901/0001213900-26-003901-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1464790/000121390026003901/ea026946603-8ka1_briley.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T10:39:07.967783+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"6bd2b55f06226dbd039da24c7025cd05a9aafa57","claim":"BRC Group Holdings, Inc. completed a disposition involving Stifel, Nicolaus & Company, Incorporated for $26.0 million in cash (closed 2025-04-04).","evidence_excerpt":"Effective April 4, 2025, the Company completed the sale of its traditional (W-2) Wealth Management business (“Wealth W-2 Transaction”) to Stifel, Nicolaus & Company, Incorporated for net consideration of $26.0 million in cash","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1464790/000121390026003901/0001213900-26-003901-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"disposition"},{"label":"Counterparty","value":"Stifel, Nicolaus & Company, Incorporated"},{"label":"Consideration","value":"$26.0 million in cash"},{"label":"Closing","value":"2025-04-04"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}