Here are the S-3 shelf registrations from Biglari Holdings Inc. (BH) in our archive over the last 12 months, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
An S-3 covers the shelf registration that lets an established company sell over time, so if you follow BH and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full BH filings page.
Biglari Holdings Inc. has filed a shelf registration to offer up to $500,000,000 of Class A and Class B common stock, including an at-the-market program. The company entered a Sales Agreement with H.C. Wainwright & Co., LLC allowing it to sell shares on the NYSE and NYSE Texas from time to time, with the sales agent earning up to 3.0% of gross proceeds. Management plans to use any net proceeds to create a strategic reserve to support business and investment activities, strengthen capital at the holding company, fund acquisitions and augment the capital of insurance subsidiaries. As of January 15, 2026, 206,864 Class A shares and 2,068,640 Class B shares were outstanding, and the Chairman and CEO Sardar Biglari beneficially held about 74.7% of the voting interest.