BRC Group removes 5.50% Senior Notes from Nasdaq

BRC Group Holdings, Inc. notified Nasdaq Stock Market LLC that the 5.50% Senior Notes Due 2026 have been removed from listing and/or registration under Section 12(b) via Form 25.

Rhea-AI Filing Summary

BRC Group Holdings, Inc. notified Nasdaq Stock Market LLC that the 5.50% Senior Notes Due 2026 have been removed from listing and/or registration under Section 12(b) via Form 25. Nasdaq certified compliance with 17 CFR 240.12d2-2 and the issuer complied with exchange rules for voluntary withdrawal.

Key Figures

Commission File Number: 001-37503 Security: 5.50% Senior Notes Due 2026 Form expiration reference: March 31, 2018

3 metrics

Commission File Number 001-37503 Form 25 header

Security 5.50% Senior Notes Due 2026 Class of securities removed from Nasdaq

Form expiration reference March 31, 2018 Expires date at top of form

Key Terms

Form 25, 17 CFR 240.12d2-2, voluntary withdrawal

3 terms

Form 25 regulatory

"FORM 25 NOTIFICATION OF REMOVAL FROM LISTING"

A Form 25 is an official filing with the U.S. Securities and Exchange Commission used to remove a company's stock or other security from a national exchange list. Investors should care because delisting often means less visibility, lower trading volume and wider price swings—similar to a product moving from a major supermarket to a small local market, which can make buying, selling and valuing the security more difficult.

17 CFR 240.12d2-2 regulatory

"Pursuant to 17 CFR 240.12d2-2(b), the Exchange has complied"

A U.S. Securities and Exchange Commission rule that describes the conditions and procedural steps for a security to be removed from public registration or reporting under the Securities Exchange Act of 1934. For investors, it matters because it explains when a company’s shares can stop being subject to regular disclosure and exchange listing rules — similar to knowing when a publicly tracked product will be discontinued and no longer send updates, which affects transparency and liquidity.

voluntary withdrawal regulatory

"the Issuer has complied with its rules of the Exchange and the requirements governing the voluntary withdrawal"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What security did BRC Group Holdings (RILY) remove from Nasdaq?

The company removed its 5.50% Senior Notes Due 2026 from Nasdaq listing and/or registration. The Form 25 filing identifies that class of securities specifically and records the exchange and issuer compliance steps taken.

Who certified the removal from listing for RILY's securities?

Nasdaq Stock Market LLC certified the removal by filing Form 25, stating it complied with its rules under 17 CFR 240.12d2-2. The filing is signed by a Nasdaq authorized representative, Katelin Rowe, CDO Analyst.

Did BRC Group Holdings consent to the withdrawal of the notes?

Yes. The Form 25 filing states the issuer complied with the exchange's rules governing voluntary withdrawal of the class of securities, indicating the issuer consented to the removal procedure.

What identifying details appear in the Form 25 for RILY?

The filing lists the issuer name BRC Group Holdings, Inc., Commission File Number 001-37503, the exchange as Nasdaq Stock Market LLC, and the security described as 5.50% Senior Notes Due 2026.

Where are BRC Group Holdings' principal executive offices located according to the filing?

The filing lists the principal executive office address as 11100 Santa Monica Blvd., Suite 800, Los Angeles, California 91362 and provides telephone number 818-884-3737 in the Form 25 header information.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 03/30/2026 - 09:27 AM EDT Learn about SEC filing dates

UNITED STATES

OMB APPROVAL

OMB Number:			3235-0080
Expires:	March 31, 2018
Estimated average burden
hours per response:			1.7

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 25

NOTIFICATION OF REMOVAL FROM LISTING AND/OR REGISTRATION
UNDER SECTION 12(b) OF THE SECURITIES EXCHANGE ACT OF 1934.

Commission File Number

001-37503

Issuer:	BRC Group Holdings, Inc.
Exchange:	Nasdaq Stock Market LLC

(Exact name of Issuer as specified in its charter, and name of Exchange where security is listed and/or registered)

Address:	11100 Santa Monica Blvd.
	Suite 800
	Los Angeles	CALIFORNIA	91362
Telephone number:					818-884-3737

(Address, including zip code, and telephone number, including area code, of Issuer's principal executive offices)

5.50% Senior Notes Due 2026

(Description of class of securities)

Please place an X in the box to designate the rule provision relied upon to strike the class of securities from listing and registration:

17 CFR 240.12d2-2(a)(1)

17 CFR 240.12d2-2(a)(2)

17 CFR 240.12d2-2(a)(3)

17 CFR 240.12d2-2(a)(4)

Pursuant to 17 CFR 240.12d2-2(b), the Exchange has complied with its rules to strike the class of securities from listing and/or withdraw registration on the Exchange. ¹

Pursuant to 17 CFR 240.12d2-2(c), the Issuer has complied with its rules of the Exchange and the requirements of 17 CFR 240.12d-2(c) governing the voluntary withdrawal of the class of securities from listing and registration on the Exchange.

Pursuant to the requirements fo the Securities Exchange Act of 1934, Nasdaq Stock Market LLC certifies that it has reasonable grounds to believe that it meets all of the requirements for filing the Form 25 and has caused this notification to be signed on its behalf by the undersigned duly authorized person.

2026-03-30	By	Katelin Rowe		CDO Analyst
Date		Name		Title

¹ Form 25 and attached Notice will be considered compliance with the provisions of 17 CFR 240.19d-1 as applicable. See General Instructions.

Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.