Biglari Holdings completes $80M purchase of Abraxas Preferred Stock; provides financials

Biglari Holdings Inc.

Biglari purchased 685,505 shares of Abraxas Series A Preferred Stock for $80 million on Sep 14, 2022.
Abraxas FY2021: net loss $44.6M, revenue $78.9M, stockholders' deficit $116.6M.
Abraxas 9M 2022: unaudited financials included; combined pro forma statements filed.
Amendment provides audited & unaudited financials of Abraxas; does not alter initial 8-K.

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