Viking Cake BR, LLC Acquires Significant Stake in Black Rock Coffee Bar, Inc.

Viking Cake BR, LLC, along with related entities and individuals including Viking Cake Fuel, LLC, Daniel Brand, Jeffrey Hernandez, Bryan Pereboom, and Jacob Spellmeyer, has acquired a 39.9% ownership stake in Black Rock Coffee Bar, Inc. This acquisition, totaling 11,618,781 shares (or the equivalent in LLC Units and Class C Common Stock), was financed through a margin loan with JPMorgan Chase Bank, N.A. The securities were acquired for investment purposes and are intended to be held long-term, though the holders reserve the right to adjust their holdings. The individuals involved are also co-founders and board members of Black Rock Coffee Bar, Inc. The filing details various agreements entered into, including an amended and restated limited liability company agreement, a tax receivable agreement, a registration rights agreement, a voting agreement, and lock-up agreements. These agreements outline the operational and financial arrangements between the parties involved.