Possible new BRC shares

BRCCDilution

Known so far: no new shares from the prospectus covers read · shelf not limited by the baby-shelf rule · not yet read: warrants, converts, ATM.

Shelf room

  • Room today not capped by the baby-shelf rule ($85.1M float, Jun 30, 2025)
How this is worked out

Shelf room on the S-3 of Mar 25, 2026: not limited by the baby-shelf rule, because the $85.1M public float stated as of Jun 30, 2025 is $75M or more. Sources: S-3 Mar 25, 2026, effective Apr 2, 2026 · public float, as of Jun 30, 2025.

What could become new BRC (BRCC) shares: options and RSUs, each with the 10-Q, 10-K, S-3 or 424B filing it comes from.

BRC dilution ladder

Every source of new shares on record, from the filings that created it.

25.1M outstanding; up to 26.6M fully diluted, +6%

  1. Outstandingas of Oct 28, 2026 (10-Q filed Nov 2) · share count on the cover page
    25.1M
  2. Options and RSUs847K options, 695K RSUs10-Q Nov 2, 2026 · securities left out of diluted EPS
    +1.5M

Not stated in the filings we read: an ATM program, warrants, convertible notes.

Counts, sizes and prices as stated in each filing; the fully diluted count is arithmetic on them. Dollars become shares only at a price a filing states. Not advice.

Financing terms to know

None found in filings since Nov 2, 2026.

Each term is quoted from the exhibit it comes from; numbers are as stated in the filing. A flag describes a financing term. It is not investment advice.