secwatch.observer — SEC 8-K summary
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Issuer:     Biglari Holdings Inc. (BH-A)
CIK:        0001726173
Form:       8-K/A
Filed at:   2022-11-30T23:59:59+00:00
Accession:  0001726173-22-000040
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.60
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1726173/000172617322000040/0001726173-22-000040-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1726173/000172617322000040/bh-20220914.htm
  HTML page:      https://secwatch.observer/filing/0001726173-22-000040

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer