BRCB INVESTOR ALERT: Kirby McInerney LLP Investigates Potential Claims Involving Black Rock Coffee Bar, Inc.

Negative

• ■Significant 30% stock price decline reflects severe loss of investor confidence and shareholder value destruction.
• ■Cannibalization from new store openings in Phoenix suggests expansion strategy may be poorly planned or executed, creating internal competition that erodes profitability.
• ■Federal securities investigation indicates potential disclosure violations or shareholder litigation risk, which could result in additional financial liability and management distraction.