Item 8.01 Other Events.

On April 19, 2022, BRC Inc. (the "Company") issued a press release announcing the "Redemption Fair Market Value" in connection with the Company's previously announced redemption (the "Redemption") of its outstanding warrants (the "Warrants") to purchase shares of the Company's Class A common stock, par value $0.0001 per share (the "Class A Common Stock"), that remain outstanding at 5:00 p.m. New York City time on May 4, 2022 (the "Redemption Date") for a redemption price of $0.10 per Warrant (the "Redemption Price"). The Warrants were issued under the Warrant Agreement, dated as of February 25, 2021, by and between SilverBox Engaged Merger Corp I ("SilverBox") and Continental Stock Transfer & Trust Company, as warrant agent (the "Warrant Agent"), and further assumed by the Company on February 9, 2022, as part of the units sold in SilverBox's initial public offering (the "IPO") or in a private placement simultaneously with the IPO, as applicable.

A copy of the press release is filed as Exhibit 99.1 hereto and is incorporated herein by reference. A copy of the notice of Redemption Fair Market Value delivered by the Warrant Agent to the registered holders of the outstanding Warrants is filed as Exhibit 99.2 hereto and is incorporated herein by reference.

Neither this Current Report on Form 8-K, the press release attached hereto as Exhibit 99.1 nor the notice attached hereto as Exhibit 99.2 shall constitute an offer to sell or the solicitation of an offer to buy any of the Company's securities, and shall not constitute an offer, solicitation or sale of any of the Company's securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.

Item 9.01 Financial Statements and Exhibits.






(d) Exhibits.



Exhibit                                    Description
  99.1       Press release, dated April 19, 2022

  99.2       Notice of Redemption Fair Market Value, dated April 19, 2022

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

© Edgar Online, source Glimpses