Engaged Capital Investors could lose 100% of their invested capital.
Glenn Welling and Engaged Capital are financially responsible for Black Rifle Coffee public shareholders' losses. PER The Securities and Exchange Act of 1933 and 1934, they are defined as an underwriter since Engaged Capital's $100 million Forward Purchase Agreement was the critical link in the transactions through which BRCC shares are distributed from the company to the public.
Glenn Welling is the CIO of Engaged Capital, an activist fund that invests in small and mid-cap public companies. Previously Glenn was at Relational Investors, an activist fund. He was responsible for the fund’s consumer, healthcare and utility investments and was involved in Relational’s research process. Prior to Relational, Glenn spent 7 years in sales.
Since 2013, he has been named in at least 12 lawsuits which include Breach of Contract, violations of Federal Securities Law, and Class Actions.
Born June 1970 (age 52)