Viking Cake BR Amends Black Rock Coffee Bar Stake (13D/A)

TL;DR

**Viking Cake BR just updated their ownership stake in Black Rock Coffee Bar via a 13D/A.**

AI Summary

Viking Cake BR, LLC filed a SCHEDULE 13D/A on March 24, 2026, indicating an amendment to their beneficial ownership of Black Rock Coffee Bar, Inc. This filing updates previous disclosures about Viking Cake BR, LLC's stake in Black Rock Coffee Bar, Inc., which operates in the Retail-Eating & Drinking Places sector. For investors, this matters because it provides updated information on a significant shareholder's position, potentially signaling changes in their investment strategy or influence over the company.

Why It Matters

This filing updates the public record on a major investor's stake in Black Rock Coffee Bar, Inc., which can influence market perception and the company's strategic direction.

Risk Assessment

Risk Level: low — This is an informational filing updating beneficial ownership, not indicating a direct financial risk or opportunity.

Analyst Insight

Investors should review the full SCHEDULE 13D/A document to understand the specific changes in Viking Cake BR, LLC's beneficial ownership of Black Rock Coffee Bar, Inc. and assess any potential implications for the stock.

Key Players & Entities

• Viking Cake BR, LLC (company) — filer of the SCHEDULE 13D/A
• Black Rock Coffee Bar, Inc. (company) — subject company of the SCHEDULE 13D/A
• March 24, 2026 (date) — filing date of the SCHEDULE 13D/A
• 0002083841 (person) — CIK of Viking Cake BR, LLC
• 0002068577 (person) — CIK of Black Rock Coffee Bar, Inc.

FAQ

Filing Documents

• primary_doc.html (SCHEDULE 13D/A)
• primary_doc.xml (SCHEDULE 13D/A) — 20KB
• ex9.htm (EX-9) — 56KB
• ex10.htm (EX-10) — 76KB
• 0001493152-26-012358.txt ( ) — 154KB

From the Filing

Exhibit 10 Execution Version ASSIGNMENT, ASSUMPTION AND OMNIBUS AMENDMENT TO MARGIN LOAN DOCUMENTATION This ASSIGNMENT, ASSUMPTION AND OMNIBUS AMENDMENT TO MARGIN LOAN DOCUMENTATION (this “ Amendment ”), dated as of March 23, 2026, is made by and among vIKING CAKE FUEL, LLC , a Delaware limited liability company (“ Existing Borrower ”), VIKING CAKE FUEL II, LLC, a Delaware limited liability company (“ Existing Pledgor ” and collectively with Existing Borrower, the “ Loan Parties ”), AUREATA FUEL, LLC , a Delaware limited liability company (“ Aureata Fuel ”), VAHALDA FUEL, LLC , a Delaware limited liability company (“ Vahalda Fuel ” and, together with Aureata Fuel, the “ New Borrowers ”), and JPMORGAN CHASE BANK, N.A. , as administrative agent (“ Administrative Agent ”) and a Lender. WITNESSETH: WHEREAS , reference is made to that certain Margin Loan Agreement dated as of September 11, 2025, by and among Existing Borrower, Existing Pledgor, Administrative Agent and Lenders party thereto, as amended by that certain First Amendment to Margin Loan Agreement dated as of February 17, 2026 (as amended, modified or supplemented up to the date hereof, the “ Existing Margin Loan Agreement ”). Capitalized terms used but not defined herein shall have the meanings assigned in the Existing Margin Loan Agreement; WHEREAS , Viking Cake BR, LLC, a Delaware limited liability company (“ Viking Cake BR ”) is the sole member and direct holder of 100% of the limited liability company interests of Existing Borrower; WHEREAS , Aureata Fuel and Vahalda Fuel each own 25% of the limited liability company interests in Viking Cake BR directly (the “ Aureata BR Interests ” and “ Vahalda BR Interests ”, respectively) and therefore, each indirectly owns an economic interest in certain Collateral Shares pledged to Administrative Agent for the benefit of the Lenders pursuant to that certain Pledge Agreement dated as of September 11, 2025, by and among Existing Borrower, Existing Pledgor, Administrative Agent and Lenders party thereto (as amended, modified or supplemented up to the date hereof, the “ Existing Pledge Agreement ” and such Collateral Shares, the “ Aureata Collateral Shares ” and “ Vahalda Collateral Shares ”, respectively) held by Existing Borrower and pledged to Administrative Agent for the benefit of the Lenders; WHEREAS , as ultimate beneficial owners of the Existing Borrower, the Co-Founders desire to (i) cause Existing Borrower to distribute the Aureata Collateral Shares and the Vahalda Collateral Shares to Viking Cake BR without any consideration and (ii) cause Viking Cake BR to exchange the Aureata Collateral Shares for the Aureata BR Interests and exchange the Vahalda Collateral Shares for the Vahalda BR Interests (the “ Reorganization ”); WHEREAS , the Required Lenders are willing to consent to the Reorganization; provided that, in addition to the other conditions set forth herein, (i) Aureata Fuel and Vahalda Fuel each assume its Pro Rata Share (as defined below) of the Obligations (including, for the avoidance of doubt, its obligation to pay its Pro Rata Share of the Total Accrued Loan Amount), (ii) the Aureata Collateral Shares and the Vahalda Collateral Shares remain pledged to Administrative Agent for the benefit of the Lenders and (iii) the Loan Parties and New Borrowers enter into the revised Margin Loan Documentation described in Section 2.01 (b)-(d) (the “ Revised Margin Loan Documentation ”) such that each Co-Founder has the same economic exposure to the Collateral and the Obligations after giving effect to this Amendment, as each such Co-Founder had under the Existing Margin Loan Agreement; WHEREAS , pursuant to Section 8.01 of the Existing Margin Loan Agreement, to effect the transactions contemplated hereby, this Amendment must be approved by the Required Lenders and the Loan Parties and acknowledged by the Administrative Agent; and WHEREAS , the undersigned Lenders constitute the Required Lenders and their signatures hereto constitute their approval of this Amendment. NOW THEREFORE, FOR VALUE RECEIVED , the sufficiency of which is hereby acknowledged, the parties hereto agree to consummate this Amendment by entering into the Revised Margin Loan Documentation, as follows: 1. Assignments and Assumptions 1.01 As of the date hereof, Existing Borrower hereby irrevocably assigns to Aureata Fuel, and Aureata Fuel hereby irrevocably assumes from Existing Borrower, (a) (i) all of Existing Borrower’s rights and Obligations in its capacity as “Borrower” under the Existing Margin Loan Agreement and (ii) all of Existing Borrower’s rights, including its rights in the Collateral and its obligations, including the Secured Obligations, in its capacity as “Pledgor

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