Cynosure Group (BRCB) discloses 52.6% beneficial stake in Black Rock Coffee Bar
Rhea-AI Filing Summary
Cynosure Group, LLC and affiliated investment entities report beneficial ownership of 21,831,316 shares of Black Rock Coffee Bar, Inc. Class A Common Stock, representing 52.6% of the class. This total includes 2,035,904 outstanding Class A shares and 19,795,412 shares issuable upon conversion of an equal number of LLC Units and related Class B Common Stock on a one-for-one basis.
Cynosure Group, LLC is the manager and has shared voting and dispositive power over these holdings across multiple Cynosure funds. Individual reporting entities disclose ownership stakes ranging from 1.2% to 39.8% of the Class A Common Stock on an as-converted basis, reflecting a controlling sponsor position using a dual-class and LLC Unit structure.
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Key Figures
Beneficial ownership: 21,831,316 shares
Ownership percentage: 52.6%
Shares outstanding: 21,692,785 shares
+5 more
8 metrics
Beneficial ownership
21,831,316 shares
Class A Common Stock beneficially owned by Cynosure Group and affiliates
Ownership percentage
52.6%
Percent of Class A Common Stock represented by 21,831,316 shares
Shares outstanding
21,692,785 shares
Class A Common Stock outstanding used as base for percentage calculations
Outstanding Class A held
2,035,904 shares
Class A Common Stock directly held by Cynosure-affiliated entities
Issuable upon conversion
19,795,412 shares
Class A shares issuable upon conversion of LLC Units and forfeiture of Class B
Cynosure Partners III stake
14,233,404 shares
As-converted Class A beneficially owned, 39.8% of Class A
Cynosure Partners 2020 stake
3,514,041 shares
As-converted Class A beneficially owned, 13.9% of Class A
Event date
05/15/2026
Date of event requiring the Schedule 13D/A amendment
Key Terms
beneficially owned, Class A Common Stock, limited liability company units, shared voting power, +2 more
6 terms
beneficially owned financial
"Aggregate amount beneficially owned by each reporting person 21,831,316.00"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
Class A Common Stock financial
"Class A Common Stock, par value $0.00001 per share"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
limited liability company units financial
"Class A Common Stock issuable upon the conversion of an equal number of limited liability company units ("LLC Units")"
Schedule 13G regulatory
"previously filed a statement on Schedule 13G to report the acquisition"
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
How much of Black Rock Coffee Bar (BRCB) does Cynosure Group beneficially own?
Cynosure Group and its affiliated funds report beneficial ownership of 21,831,316 shares of Black Rock Coffee Bar Class A Common Stock, representing 52.6% of the class on an as-converted basis, giving them a controlling equity position in the company.
Which Cynosure entity holds the largest position in Black Rock Coffee Bar (BRCB)?
Cynosure Partners III, LP reports the largest position, beneficially owning 14,233,404 shares of Class A Common Stock on an as-converted basis, which represents 39.8% of the Class A Common Stock when including shares issuable upon LLC Unit and Class B conversion.
Who has voting and investment power over Cynosure’s BRCB holdings?
The Cynosure Group, LLC is described as the manager and has shared voting and dispositive power over 21,831,316 shares of Class A Common Stock held across the reporting Cynosure entities, centralizing control of these positions at the manager level.
What percentage of BRCB does Cynosure Partners 2020 Co-Investment LLC report?
Cynosure Partners 2020 Co-Investment, LLC, for Series A members, reports 660,106 shares beneficially owned, equal to 3.0% of Class A Common Stock on an as-converted basis, while its Series B members vehicle reports 1,247,093 shares, or 5.4%.