NEWPORT, Calif.,
May 4,
2022 /PRNewswire/ --
WHY:
Hittelman Strunk, a securities firm,
announces an investigation of potential securities fraud claims on
behalf of shareholders of BRC Inc., f/k/a SilverBox Engaged Merger
Corp I (NYSE: BRCC, BRCC-WT) resulting from allegations that
BRC Inc. breached their fiduciary duties by prioritizing their own
interests when they announced redemption of all outstanding public
warrants before properly disclosing the effects of shareholder
dilution. People at the company claim that timely public disclosure
is not the responsibility of BRC Inc.
SO WHAT:
If you purchased BRC Inc. securities you may be entitled to
compensation without payment of any out of pocket fees or costs
through a contingency fee arrangement. Hittelman Strunk is
preparing a class action seeking recovery of investor losses.
WHAT TO DO NEXT:
To join the prospective class
action, go to https://www.hittelmanstrunk.com/brcc.
WHAT IS THIS ABOUT:
- On March 30, 2022, the SEC
proposed extensive new SPAC rules that require enhanced and timely
dilution disclosure.
a. https://www.sec.gov/rules/proposed/2022/33-11048.pdf
- On April 4, 2022, BRC Inc.
announced Redemption of all outstanding warrants
a.
https://www.yahoo.com/now/brc-inc-announces-redemption-outstanding-200500254.html
- On April 19, 2022, BRC Inc.
filed an amendment to their public disclosure regarding their
redemption announcement.
- From April 4, 2022, to
April 19, 2022, BRC's stock
price fell $10.60 per share,
or
-34.48%, to close at $17.68 per share on April
19, 2022, causing significant harm to investors.
- As of May 2, 2022, BRC's
stock price closed at $13.70; down approximately 60%
from its April 11, 2022 closing
price of $33.11.
WHY HITTELMAN STRUNK:
We encourage investors to
select qualified counsel with a track record of success in
leadership roles. Often, firms issuing notices do not have
comparable experience and resources. Many of these firms do not
actually litigate securities class actions. Be wise in selecting
counsel. Hittelman Strunk represents investors and concentrates its
practice in getting justice for investors.
Contact
Hittelman Strunk LLP
https://www.hittelmanstrunk.com/
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SOURCE Hittelman Strunk