{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-26-066858","form_type":"8-K","ticker":"RILY","cik":"0001464790","company_name":"BRC Group Holdings, Inc.","filed_at":"2026-06-09T21:00:15+00:00","discovered_at":"2026-06-09T21:02:00.249330+00:00","generated_at":"2026-06-09T21:06:32.947002+00:00","sec_items":["3.02"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"BRC Group Holdings issues 2.06M shares to cancel 780,070 units of senior notes in private exchange","bullets":["On May 14 and June 4, 2026, issued 2,060,683 shares of common stock to DBA Trading LLC for 780,070 units of senior notes.","Exchanged notes: 6.50% Notes due 2026 (RILYN), 5.00% Notes due 2026 (RILYG), 6.00% Notes due 2028 (RILYT), 5.25% Notes due 2028 (RILYZ).","Senior notes canceled; no cash proceeds; Section 3(a)(9) exemption claimed.","As of June 4, 2026, total shares outstanding were 40,194,696."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-26-066858","json":"https://secwatch.observer/filing/0001213900-26-066858.json","markdown":"https://secwatch.observer/filing/0001213900-26-066858.md","text":"https://secwatch.observer/filing/0001213900-26-066858.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1464790/000121390026066858/0001213900-26-066858-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1464790/000121390026066858/ea0293590-8k_brcgroup.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T21:06:32.947002+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":"32828400f5d566a362dd363178ac4ac947d18973","claim":"BRC Group Holdings, Inc. issued 930,765 shares of Common Stock of common stock to DBA Trading, LLC.","evidence_excerpt":"On June 4, 2026, the Company issued 930,765 shares of Common Stock to the Investor in exchange for 193,187 units of the 6.50% Senior Notes due 2026 (RILYN), 150,823 units of the 5.0% Senior Notes due 2026 (RILYG), 10,000 units of the 6.00% Senior Notes due 2028 (RILYT) and 17,883 units of the 5.25% Senior Notes due 2028 (RILYZ) (together, the “ June 3 3(a)(9) Notes ” and together with the May 14 3(a)(9) Notes, the “ Exchanged Senior Notes ”).","evidence_source":"SEC 8-K Item 3.02/3.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/1464790/000121390026066858/0001213900-26-066858-index.htm","confidence":0.9,"family_label":"Equity Issuances","details":[{"label":"Security","value":"common stock"},{"label":"Shares","value":"930,765 shares of Common Stock"},{"label":"Purchaser","value":"DBA Trading, LLC"}],"fact_type":"equity_issuance"},{"claim_id":"a9ba0d040c410d560909e7be17b4e1173d41a801","claim":"BRC Group Holdings, Inc. issued 1,129,918 shares of Common Stock of common stock to DBA Trading, LLC.","evidence_excerpt":"On May 14, 2026, the Company agreed to issue 1,129,918 shares of Common Stock to DBA Trading, LLC, an institutional accredited investor (the “ Investor ”), in exchange for 339,449 units of the 6.50% Senior Notes due 2026 (RILYN), 19,654 units of the 5.0% Senior Notes due 2026 (RILYG), 20,332 units of the 6.00% Senior Notes due 2028 (RILYT) and 28,742 units of the 5.25% Senior Notes due 2028 (RILYZ) (together, the “ May 14 3(a)(9) Notes ”).","evidence_source":"SEC 8-K Item 3.02/3.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/1464790/000121390026066858/0001213900-26-066858-index.htm","confidence":0.9,"family_label":"Equity Issuances","details":[{"label":"Security","value":"common stock"},{"label":"Shares","value":"1,129,918 shares of Common Stock"},{"label":"Purchaser","value":"DBA Trading, LLC"}],"fact_type":"equity_issuance"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}