Several Cynosure Group affiliates collectively acquired shares in Black Rock Coffee Bar, Inc. (NASDAQ:BRCB) on May 15, 2026.
The purchases totaled approximately $72,988,509. BRCB shares are trading near their 52-week low of $6.63, down roughly 76% over the past year.
Transactions included 12,042,712 shares of Class B Common Stock and 1,600,000 shares of Class A Common Stock, all at $5.35 per share.
Following these acquisitions, the reporting persons indirectly hold 19,915,304 Class B and 1,916,012 Class A shares.
Cynosure Group, identified as a director and ten percent owner, manages these holdings.
On the same day, 119,892 Class B shares were disposed for no consideration, related to conversion of LLC Units into Class A shares.
In other news, Black Rock Coffee Bar reported mixed Q1 2026 earnings: EPS of $0.02 missed forecasts of $0.03, while revenue grew 23.7% to $55.5 million.
