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SilverBox Engaged Merger Corp I (SBEA) announced that it expects to finalize its business combination with Black Rifle Coffee Company (BRCC) by February 9, 2022. The transaction is projected to generate
SilverBox Engaged Merger Corp I (SBEA) announced the effectiveness of BRC Inc.'s registration statement related to its business combination with Authentic Brands LLC, the parent of Black Rifle Coffee Company. The special meeting for stockholder voting is scheduled for February 3, 2022, with a record date of January 3, 2022. The business combination is expected to close post-approval, with the new company listing on the New York Stock Exchange under the ticker BRCC. Stockholders are urged to vote "FOR" all proposals.
Black Rifle Coffee Company (BRCC) announced its Analyst and Investor Day presentation will take place at the ICR Conference in Grande Lakes Orlando, Florida, on January 11, 2022, from 8:00 am to 9:00 am Eastern Time. BRCC is set to become a public company via a merger with SilverBox Engaged Merger Corp I (NASDAQ: SBEA). Key executives including Tom Davin and Greg Iverson will represent BRCC. The presentation will be available via live webcast with a replay afterward on the company’s website.
BRCC focuses on serving premium coffee while supporting veterans and first responders.
Black Rifle Coffee Company (BRCC) announces its planned public debut through a merger with SilverBox Engaged Merger Corp I (SBEA). This combination is expected to provide up to $225 million to BRCC's balance sheet, potentially valuing the company at $1.7 billion upon closing. With a customer base exceeding 1.9 million, BRCC aims for accelerated growth through a digital-first, omnichannel strategy, as well as increasing its footprint of retail Outposts. The transaction is fully financed with strong investor commitments, ensuring a strategic partnership to enhance shareholder value.
SilverBox Engaged Merger Corp I (NASDAQ: SBEA) received a notice from Nasdaq regarding a violation of Listing Rule 5250(c)(1) for failing to file its Quarterly Report on Form 10-Q for the period ended March 31, 2021. The report, originally due on May 17, 2021, could not be filed due to challenges in preparing certain financial information. Nasdaq has given the Company until July 26, 2021, to submit a compliance plan. If accepted, the Company may gain an extension until November 22, 2021. The notice does not currently affect the trading of the Company's units or stock.
SilverBox Engaged Merger Corp I (NASDAQ: SBEAU) announced that starting April 19, 2021, holders of its initial public offering units can separately trade shares of Class A common stock and associated warrants. The units were sold in an IPO of 34,500,000 units, completed on March 2, 2021. After separation, shares will trade under symbols 'SBEA' and 'SBEAW' on the Nasdaq Capital Market. The press release clarifies that this announcement does not constitute a securities offer.
SilverBox Engaged Merger Corp I (Nasdaq: SBEAU) announced the closure of its IPO on March 2, 2021, raising $345 million through the issuance of 34.5 million units priced at $10 each, including an over-allotment of 4.5 million units. Units began trading on Nasdaq on February 26, 2021. Each unit comprises one share of Class A common stock and one-third of a redeemable warrant, with warrants priced at $11.50. Additionally, a forward purchase agreement with Engaged Capital for $100 million of Class A common stock is in place, expected to close with a future business combination.
SilverBox Engaged Merger Corp I announced the pricing of its IPO of 30 million units at $10 each, set to begin trading on Nasdaq under the ticker symbol SBEAU on February 26, 2021. Each unit comprises one share of Class A common stock and one-third of a redeemable warrant, which allows for purchase at $11.50 per share. The IPO is expected to close on March 2, 2021. Additionally, a forward purchase agreement with Engaged Capital, LLC will enable the purchase of $100 million in Class A common stock, enhancing the company’s capitalization.
