BRC Inc. Settles Lawsuit with Alta Partners, Issues 2.3 Million Shares in Agreement

Reuters

06-20

<a href="https://laohu8.com/S/BRCC">BRC Inc</a>. Settles Lawsuit with Alta Partners, Issues 2.3 Million Shares in Agreement

BRC Inc. has reached a settlement agreement with Alta Partners, LLC, concluding a legal dispute over a breach of contract. The lawsuit, filed in the Southern District of New York, alleged that BRC Inc. had refused to allow Alta to exercise warrants between March 11 and May 4, 2022, causing damages to Alta. Under the settlement, Alta will pay BRC Inc. $1,000,000, and in exchange, BRC Inc. will issue 2,300,100 shares of its Class A common stock to Alta. The settlement shares are issued under a registration statement that the Securities and Exchange Commission declared effective in March 2023.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. BRC Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001140361-25-023022), on June 20, 2025, and is solely responsible for the information contained therein.

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