BRC Group Holdings, Inc. Depositary Shares each representing 1/1000th in a share of 7.375% Series B Cumulative Perpetual Preferred Stock, par value $0.0001 news
$11.52▼ −3.68%
Close Sep 28, 2026 · split-adjusted
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About BRC Group Holdings, Inc. Depositary Shares each representing 1/1000th in a share of 7.375% Series B Cumulative Perpetual Preferred Stock, par value $0.0001
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BRC, the largest shareholder of BW, is accused of undisclosed conflicts of interest, standing on both sides of the transaction, and selling its entire BW position at inflated prices ($10.4 million at $9/share) before fraud allegations emerged.
As B&W's largest shareholder, BRC is alleged to have undisclosed conflicts of interest by standing on both sides of the Power Generation Contract through its ties to Base Electron, raising questions about the legitimacy of the deal.
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