Recent Updates — RILY
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.
BRC Group Holdings agreed to acquire Sangoma Technologies Corporation via a court-approved plan of arrangement. The transaction values Sangoma at an enterprise value of approximately $204 million (C$289 million). Sangoma shareholders will receive US$4.925 in cash and 0.04767 of a BRC common share for each share held, with outstanding RSUs and PSUs cancelled for US$5.225 per unit. The deal is expected to close in January 2027, subject to shareholder approval, regulatory clearances including from the TSX and Nasdaq, and court confirmation. Financing includes a $212.3 million senior secured term loan commitment and equity contributions. BRC Group Holdings operates as a diversified holding company with interests in financial services, communications, and retail.
BRC Group Holdings, Inc. issued a press release on June 15, 2026, providing an update on the carried interest position of its subsidiaries in special purpose vehicles that hold shares of Space Exploration Technologies Corp. BRC Group Holdings, Inc. operates in the investment management and alternative assets management industry.
BRC Group Holdings, Inc. disclosed in an 8-K filing on June 3, 2026, that its unregistered sales of equity securities exceeded unregistered sales threshold of 0.5% of total common stock outstanding. The company issued 1,129,918 shares of Common Stock to DBA Trading, LLC in exchange for 780,070 units of various senior notes (6.50% due 2026, 5.00% due 2026, 6.00% due 2028, and 5.25% due 2028) through two separate 3(a)(9) exchanges. The company did not receive any cash proceeds from these exchanges. BRC Group Holdings, Inc. is a financial services company providing real estate and asset-based lending.