BRC Inc. announces public offering of Class A common stock

BRC Inc. (NYSE: BRCC) announced it has commenced an underwritten public offering of Class A common stock shares. The company expects to grant the underwriter a 30-day option to purchase up to an additional 15% of the shares sold in the offering.

D.A. Davidson & Co. is serving as sole bookrunner for the proposed offering. The company noted the offering is subject to market and other conditions, with no assurance regarding completion or final terms.

The offering is being conducted under a shelf registration statement on Form S-3 filed with the Securities and Exchange Commission on March 21, 2023, which became effective March 30, 2023. A preliminary prospectus supplement and accompanying prospectus have been filed with the SEC.

BRC Inc., operating as Black Rifle Coffee Company, describes itself as a veteran-founded premium beverage company. The company was founded in 2014 by Green Beret Evan Hafer and focuses on serving coffee to consumers while supporting veterans, active-duty military, and first responders.

The press release included standard disclaimers stating it does not constitute an offer to sell securities and that any sale would be unlawful without proper registration under applicable securities laws.

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