Black Rifle Coffee’s plan to defraud public shareholders is in full swing: Effective May 5, 2022, Insiders of Black Rifle Coffee (BRCC) can sell stock just one day after terminating the public’s right to exercise and sell Black Rifle Coffee’s stock.
SECURITIES FRAUD INVESTIGATION UPDATE:
Before markets opened on May 4, 2022, BRCC filed to remove public listing of securities held by public investors.
After markets closed on April 4, 2022, BRCC registered new shares authorizing private (insiders) to sell their stock to the public.
On May 5, 2022, Black Rifle’s stock price opened down approximately 15% to $12.45 (down from $33.11 a share as of the closing price on April 11, 2022).
If you purchased Black Rifle Coffee’s stock (BRCC, BRCC-WT), you may be entitled to compensation without payment of any out-of-pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT:
To join the prospective class action, see prior press releases about the Black Rifle Coffee Investigation:
Hittelman Strunk LLP