On October 22, 2026, BRSH Merger Sub LLC merged with and into B. Riley Securities Holdings Inc., with the latter surviving as an indirect wholly owned subsidiary of BRC Group Holdings Inc. The merger became effective upon filing the Certificate of Ownership and Merger in Delaware. Each outstanding share of B. Riley Securities Holdings common stock not held by the merger sub was converted into the right to receive $8.88 in cash, without interest. Outstanding restricted stock awards were cancelled and substituted with equivalent BRC Group common stock awards on a two-to-one basis, maintaining original vesting terms. This transaction consolidates B. Riley Securities under the public parent company. BRC Group Holdings operates as a financial services holding company providing investment banking, securities brokerage, and wealth management services.
