BRC Group Holdings, Inc. 8-K/A

What Happened
BRC Group Holdings, Inc. (RILY) announced it completed the sale of its traditional (W‑2) Wealth Management business to Stifel, Nicolaus & Company, Incorporated effective April 4, 2025. The transaction closed under a Purchase Agreement dated October 31, 2024. BRC filed a Form 8‑K/A on January 13, 2026 to amend its prior report concerning this transaction and related disclosures.

Key Details

• Buyer: Stifel, Nicolaus & Company, Incorporated.
• Cash consideration: $26.0 million net.
• Scale: 36 financial advisors transferred; these advisors' managed accounts represented approximately $4.0 billion in assets under management (AUM) as of March 31, 2025.
• Timing/documents: Transaction effective April 4, 2025; Purchase Agreement dated October 31, 2024. The company characterized the sale as a "significant disposition."

Why It Matters
The sale removes BRC’s traditional W‑2 advisor business from its operations and delivers $26.0M in net cash proceeds. For investors, this alters the company’s AUM profile (roughly $4.0B moved) and could affect recurring revenue tied to that business line; it also may change capital allocation and balance sheet composition. Review the amended 8‑K and any accompanying filings for detailed financial impacts and management commentary.