Form 8-K

8-K — BRC Group Holdings, Inc.

Accession: 0001213900-26-068514

Filed: 2026-06-15

Period: 2026-06-12

CIK: 0001464790

SIC: 6282 (INVESTMENT ADVICE)

Item: Regulation FD Disclosure

Item: Financial Statements and Exhibits

Documents

8-K — ea0294727-8k_brcgroup.htm (Primary)

EX-99.1 — PRESS RELEASE, DATED JUNE 15, 2026 (ea029472701ex99-1.htm)

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities

Exchange Act of 1934

Date of Report (Date of earliest event reported):

June 12, 2026

BRC Group Holdings, Inc.

(Exact name of registrant as specified in its charter)

Delaware

001-37503

27-0223495

(State or other jurisdiction

of incorporation)

(Commission File Number)

(IRS Employer

Identification No.)

11100 Santa Monica Blvd., Suite 800

Los Angeles, CA 90025

310-966-1444

(Address, Including Zip Code, and Telephone Number,

Including Area Code, of Registrant’s Principal Executive Offices)

Securities registered pursuant to Section 12(b)

of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which

registered

Common Stock, par value $0.0001 per share

RILY

Nasdaq

Global Market

Depositary Shares (each representing 1/1000th of a share of 6.875% Series A Cumulative Perpetual Preferred Stock)

RILYP

Nasdaq Global Market

Depositary Shares (each representing 1/1000th of a share of 7.375% Series B Cumulative Perpetual Preferred Stock)

RILYL

Nasdaq Global Market

5.00% Senior Notes due 2026

RILYG

Nasdaq Global Market

6.50% Senior Notes due 2026

RILYN

Nasdaq Global Market

5.25% Senior Notes due 2028

RILYZ

Nasdaq Global Market

6.00% Senior Notes due 2028

RILYT

Nasdaq Global Market

Not applicable

(Former name or former address, if changed since

last report)

Check the appropriate box below if the Form 8-K

filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant

is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the

Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check

mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting

standards provided pursuant to Section 13(a) of the Exchange Act. ☐

ITEM 7.01. Regulation FD Disclosure.

On June 15, 2026, BRC Group Holdings, Inc. (the

“Company”) issued a press release providing an update on the Company’s subsidiaries’ carried interest position

in special purpose vehicles holding shares of Space Exploration Technologies Corp. A copy of the press release is attached hereto as Exhibit

99.1 and is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.

Description

99.1

Press Release, dated June 15, 2026

104

Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities

Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

BRC Group Holdings, Inc.

By:

/s/ Scott Yessner

Name:

Scott Yessner

Title:

EVP & CFO

Date: June 15, 2026

EX-99.1 — PRESS RELEASE, DATED JUNE 15, 2026

EX-99.1

Filename: ea029472701ex99-1.htm · Sequence: 2

Exhibit 99.1

FOR IMMEDIATE RELEASE

BRC Group Holdings, Inc. Provides Update on

SpaceX Carried Interest Position

LOS ANGELES, CA – June 15, 2026 –

BRC Group Holdings, Inc. (Nasdaq: RILY) (“BRC” or the “Company”) today provided supplemental information regarding

its indirect economic interest in Space Exploration Technologies Corp. (“SpaceX”), following SpaceX’s initial public

offering on June 12, 2026 (the “IPO”). The Company discussed this interest in its latest filing on Form 10-Q for the quarterly

period ended March 31, 2026 filed on May 7, 2026 and its most recent quarterly earnings call on May 7, 2026.

Between 2018 and 2021, the Company’s

wealth management business facilitated client investments in SpaceX through subsidiaries of the Company that hold carried interest

in certain special purpose vehicles (the “SPVs”). During this period, clients invested approximately $233 million into

the SPVs. The Company’s subsidiaries’ carried interest represents a share of the returns generated on a portion of these

investments.

Based on SpaceX’s closing price of $160.95

per share on June 12, 2026:

● Gross carried interest: The gross aggregate

value of the Company’s subsidiaries’ carried interest in the SPVs was approximately $84.2 million; and

● Net carried interest: The Company’s

expected net proceeds in respect of such carried interest, after deduction of estimated expenses, period adjustments, and accrued payouts,

were approximately $70.4 million.

The value of the Company’s carried interest

will fluctuate based upon SpaceX’s share price. Each $5.00 change in SpaceX’s share price would result in an estimated $2.3

million change in net carried interest. All amounts remain subject to customary IPO lock-up restrictions, which expire in stages through

the remainder of the calendar year.

The amounts above are preliminary, unaudited management

estimates, and are presented for informational purposes only. The value of the Company’s carried interest and the amount and timing

of any net proceeds actually realized will depend on, among other things, the trading price of SpaceX common stock when the SPVs sell

or distribute their shares, the expiration of applicable lock-up and other transfer restrictions, the unaffiliated third-party manager’s

discretion on the timing of any sales by the SPVs, the timing of any distributions by the SPVs, transaction costs, taxes, and final determinations

of expenses, adjustments, and amounts payable to other parties.

The trading price of SpaceX common stock following

the IPO may be volatile and may decline below the IPO price, including while the SpaceX shares held by the SPVs remain subject to lock-up

restrictions. Accordingly, the value ultimately realized may be materially less than the amounts above, and there can be no assurance

that the Company will realize any particular amount of value or net proceeds, or any at all, in respect of its carried interest in the

SPVs.

BRC Group Holdings, Inc. | www.brcgh.com

About BRC Group Holdings, Inc.

BRC Group Holdings, Inc. (Nasdaq: RILY) is a diversified

holding company, including financial services, communications, and retail, and investments in equity, debt and venture capital. Our core

financial services platform provides small cap and middle market companies customized end-to-end solutions at every stage of the enterprise

life cycle. Our banking business offers comprehensive services in capital markets, sales, trading, research, merchant banking, M&A,

and restructuring. Our wealth management business offers wealth management and financial planning services including brokerage, investment

management, insurance, and tax preparation. Our communications businesses provide consumer and business services including traditional,

mobile and cloud phone, internet and data, security, and email. Our retail businesses provide mobile computing accessories and home furnishings.

BRCGH deploys its capital inside and outside its core financial services platform to generate shareholder value through opportunistic

investments. For more information, please visit www.brcgh.com.

Forward-Looking Statements

This press release contains forward-looking statements

within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the value of the Company’s

carried interest in the SPVs and the amount and timing of expected net proceeds. These statements are based on management’s current

expectations and assumptions and are subject to risks and uncertainties, many beyond the Company’s control, that could cause actual

results to differ materially. Such risks include: fluctuations in the trading price of SpaceX common stock; the impact of lock-up and

other restrictions, including the manager’s discretion, on the SPVs’ ability to sell or distribute SpaceX shares; the timing

and manner of any monetization of the SPVs’ holdings; changes in estimated expenses, adjustments, and amounts payable to other parties;

general market, economic, and political conditions; and the other risks described in the Company’s SEC filings, including its Annual

Report on Form 10-K for the year ended December 31, 2025 and its Quarterly Report on Form 10-Q for the quarter ended March 31, 2026. There

can be no assurance that the value of the Company’s carried interest will be realized in whole or in part, or that the expected

net proceeds will be achieved. Forward-looking statements speak only as of the date of this press release, and the Company undertakes

no obligation to update them except as required by law.

Media Contact:

Jo Anne McCusker

press@brcgh.com

Investor Contact:

Mike Frank

mfrank@brcgh.com

BRC Group Holdings, Inc. | www.brcgh.com

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