BRC Inc. announced the commencement of an underwritten public offering of shares of its Class A Common Stock. The company expects to grant the underwriter a 30-day option to purchase up to an additional 15% of the number of shares of Class A Common Stock sold in the offering. This proposed offering is subject to market and other conditions.
The offering is being made pursuant to a shelf registration statement on Form S-3, which became effective on March 30, 2023. D.A. Davidson & Co. is acting as the sole bookrunner for the proposed offering. The final terms of any offering will be disclosed in a final prospectus supplement.
This financing event aims to raise capital for the company. While the specific size and terms are subject to market conditions, such offerings can dilute the ownership stake of existing shareholders.
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