---
schema_version: "secwatch.filing_event.v1"
accession: "0001726173-22-000040"
form_type: "8-K/A"
ticker: "BH-A"
cik: "0001726173"
company_name: "Biglari Holdings Inc."
filed_at: "2022-11-30T23:59:59+00:00"
generated_at: "2026-06-21T11:44:55.311857+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001726173-22-000040
- form_type: 8-K/A
- ticker: BH-A
- cik: 0001726173
- company_name: Biglari Holdings Inc.
- filed_at: 2022-11-30T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1726173/000172617322000040/0001726173-22-000040-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1726173/000172617322000040/bh-20220914.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001726173-22-000040
- JSON: https://secwatch.observer/filing/0001726173-22-000040.json
- Plain text: https://secwatch.observer/filing/0001726173-22-000040.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.