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Director Stephen M Kadenacy of BRC Inc. (NYSE:BRCC) has recently purchased 80,000 shares of the company’s Class A Common Stock at $1.25, in a transaction valued at $100,000. The purchase comes as BRCC shares have declined over 70% in the past year, though InvestingPro analysis suggests the stock is currently undervalued.
The transaction, which occurred on July 18, 2025, increased Kadenacy’s direct holdings to 1,068,482 shares of Class A Common Stock. Kadenacy also indirectly owns 339,953 shares by Family Trust. According to InvestingPro, BRCC maintains strong liquidity with current assets exceeding short-term obligations, and operates with moderate debt levels. Discover 10+ additional exclusive insights about BRCC with an InvestingPro subscription.
In other recent news, BRC Inc. has announced a follow-on public offering of 28 million shares of Class A common stock at $1.25 per share, with expected gross proceeds of $35 million. The capital raised is intended to support the growth of the company’s Black Rifle Energy beverage line and for general corporate purposes, including the repayment of revolving credit. This move has been deemed prudent by Telsey Advisory Group, which maintained its Outperform rating with a $4.00 price target. Additionally, DA Davidson reiterated a Buy rating with a $2.50 price target following BRC’s announcement of a $40.25 million equity raise. The company has also reaffirmed its annual financial guidance for the fiscal year ending December 31, 2025, aligning with its previous projections. In leadership news, BRC Inc. appointed Matthew Amigh as the new Chief Financial Officer, effective July 7, 2025. Amigh brings extensive experience, having previously served in senior financial roles at various companies. Lastly, BRC Inc. has filed a preliminary prospectus supplement with the SEC for its public offering, with final terms to be disclosed in a future prospectus.
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