{"filings":[{"id":1238276,"accession_number":"0001477932-26-003966","cik":1718224,"company_name":"BT Brands, Inc.","ticker":"BTBD","form_type":"8-K","filed_at":"2026-06-24T15:29:24+00:00","items":["5.07"],"status":"ready","headline":"BT Brands elects four director nominees at 2026 annual meeting","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Annual meeting held June 19, 2026; quorum of 3,355,159 shares present.","Shareholders elected Gary Copperud, Allan Anderson, Terri Tochihara-Dirks, Fred Croci as directors.","Each nominee received >2.4 million votes For; broker non-votes of 878,540 shares.","No other proposals were submitted to a vote."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.1,"calibrated_materiality_score":0.1,"market_cap_usd":6686091.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":760156,"accession_number":"0001477932-26-003519","cik":1718224,"company_name":"BT Brands, Inc.","ticker":"BTBD","form_type":"8-K","filed_at":"2026-06-01T12:56:58+00:00","items":["5.02","9.01"],"status":"ready","headline":"BT Brands CFO Kenneth Brimmer resigns; no successor named","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Kenneth Brimmer resigned as director, CFO, principal financial and accounting officer effective May 26, 2026.","Resignation not due to any disagreement with the Company, management, board, or accounting matters.","No successor appointed yet; Company expects to disclose replacement in a future filing.","BT Brands' common stock (BTBD) and warrants (BTBDW) trade on Nasdaq."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":6686091.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":94954,"accession_number":"0001477932-26-002841","cik":1718224,"company_name":"BT Brands, Inc.","ticker":"BTBD","form_type":"8-K","filed_at":"2026-05-07T23:59:59+00:00","items":["1.02","8.01","7.01","9.01"],"status":"ready","headline":"BT Brands terminates Aero Velocity merger; registration statement not declared effective by April 30, 2026","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Terminated merger agreement with Aero Velocity on May 1, 2026, because SEC did not declare registration statement effective by April 30, 2026.","No termination fee or material early termination penalty is payable under the Merger Agreement.","Aero's counsel sent a letter on May 4, 2026 disputing validity of termination; BT Brands disputes Aero's assertions.","BT Brands will focus on improving restaurant profitability, strengthening cash flow, and maintaining balance sheet flexibility.","CEO Gary Copperud stated termination was in best interests of shareholders."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":6686091.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":94953,"accession_number":"0001477932-26-002338","cik":1718224,"company_name":"BT Brands, Inc.","ticker":"BTBD","form_type":"8-K","filed_at":"2026-04-16T23:59:59+00:00","items":["8.01","7.01","9.01"],"status":"ready","headline":"BT Brands merger partner Aero Velocity partners with AC Future on military drone launch vehicle","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Aero Velocity and AC Future to co-develop Mobile Drone Launch Vehicle (MDLV) for U.S. military and public-sector use.","Partnership announced April 14, 2026 at TEVCON in San Diego; MDLV aims at mobile UAS launch/recovery in austere environments.","MDLV will integrate multi-UAS launch, all-terrain mobility, onboard power, and secure C2 for contested environments.","Companies expect to pursue Department of War and other government funding opportunities for the platform."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":6686091.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":94952,"accession_number":"0001477932-26-002022","cik":1718224,"company_name":"BT Brands, Inc.","ticker":"BTBD","form_type":"8-K","filed_at":"2026-04-06T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"BT Brands files auditor consent for S-3 registration; no material news","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Consent of independent registered public accounting firm for incorporation by reference of 2025 10-K audit report.","Report date: March 30, 2026; covers consolidated financials for fiscal year ended Dec 28, 2025.","Consent also covers reference to the firm under \"Experts\" heading in the S-3 registration statement.","Exhibit 23.1 filed; routine procedural filing with no operational or financial event."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.05,"calibrated_materiality_score":0.05,"market_cap_usd":6686091.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":94951,"accession_number":"0001477932-26-001979","cik":1718224,"company_name":"BT Brands, Inc.","ticker":"BTBD","form_type":"8-K","filed_at":"2026-04-03T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"BT Brands reports 2025 results: Restaurant EBITDA up 138% to $1.7M, net loss narrows to $0.11 per share","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Restaurant-level EBITDA rose 138% to $1.7M from $724K in 2024; EBITDA margin improved to 12.4% from 4.9%.","Net loss improved to $(687,839) ($0.11 per share) from $(2.3M) ($0.37 per share) on $13.5M revenue (down 9% YoY).","Operating loss improved ~80% to $(364,585); company ended year with $4.4M in cash and marketable securities.","Advancing transformational merger with Aero Velocity, Inc. to reposition into AI/drone platform; restaurant assets to be distributed to pre-merger shareholders.","Recorded a $216K charge to reduce NGI bottled water inventory to estimated net realizable value."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":6686091.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":107694,"accession_number":"0001477932-26-001599","cik":1718224,"company_name":"BT Brands, Inc.","ticker":"BTBD","form_type":"8-K","filed_at":"2026-03-26T23:59:59+00:00","items":["8.01","7.01","9.01"],"status":"ready","headline":"AeroShield Alliance (BT Brands merger partner) opens Mississippi HQ; targets $100M+ govt contracts","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Alliance members have secured over $100 million in government contracts across multiple agencies.","Partnership with Holmes Community College to launch Rural Transportation Resilience Center.","Proposed DOT grants would fund AI-driven inspections on more than 70,000 miles of Mississippi roads.","Expected to train 200 residents and create 100 jobs over three years if grants awarded.","Expansion aims to scale public-sector infrastructure technology and workforce development platform."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":6686091.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":107693,"accession_number":"0001477932-26-000975","cik":1718224,"company_name":"BT Brands, Inc.","ticker":"BTBD","form_type":"8-K","filed_at":"2026-02-23T23:59:59+00:00","items":["8.01","7.01","9.01"],"status":"ready","headline":"Aero Velocity (BT Brands merger partner) and SoftWash Systems launch integrated drone-washing solution for 2026 growth","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Aero Velocity (drone operations) and SoftWash Systems (eco-friendly exterior cleaning) launch combined aerial cleaning service.","Market opportunity: global commercial exterior cleaning estimated at $1B+ annually; initiative expected to contribute to 2026 revenue.","SoftWash operates in 7 countries and 3 territories; alliance adds drone capabilities to its franchise network.","Benefits include enhanced safety (reduced ladders/scaffolding), faster deployment, lower customer acquisition costs.","BT Brands (BTBD) filed 8-K noting the alliance; Aero Velocity is BT Brands' proposed merger partner."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":6686091.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":107692,"accession_number":"0001477932-26-000283","cik":1718224,"company_name":"BT Brands, Inc.","ticker":"BTBD","form_type":"8-K","filed_at":"2026-01-20T23:59:59+00:00","items":["3.01"],"status":"ready","headline":"BT Brands receives Nasdaq delisting notice for missing annual shareholder meeting","summary_kind":"llm","event_type":"regulatory","confidence":"high","bullets":["Nasdaq notice on Jan 14, 2026 for failure to hold annual meeting for FY2024 (Rule 5620(a)).","Company must submit compliance plan by March 2, 2026; extension possible to June 29, 2026.","Pending merger with Aero Velocity, Inc.; special meeting to vote on deal after S-4 effectiveness.","If merger not approved by April 30, 2026, parties may terminate; then annual meeting will be called."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":6686091.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":124059,"accession_number":"0001477932-25-008693","cik":1718224,"company_name":"BT Brands, Inc.","ticker":"BTBD","form_type":"8-K","filed_at":"2025-12-01T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"BT Brands files detailed Aero Velocity business overview and audited financials for pending merger","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Merger agreement with Aero Velocity; BT Brands will spin off existing assets into BT Group before closing.","Aero operates five DaaS units: CleanSweep, TankVision, TerraVision, SiteSnap, and HeatScope.","Aero has 17 full-time employees, 2 part-time, and 7 inside contractors; formed from Workhorse drone asset purchase in June 2024.","Filed audited abbreviated financials (June 2024, Dec 2023), audited balance sheet (Dec 2024), unaudited Q3 2025, and pro forma combined statements.","Aero is negotiating contract drone manufacturing partnerships and cites US government emphasis on domestic UAS production."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":6686091.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":124058,"accession_number":"0001477932-25-008585","cik":1718224,"company_name":"BT Brands, Inc.","ticker":"BTBD","form_type":"8-K","filed_at":"2025-11-25T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"BT Brands increases ATM offering capacity to $3.57M via amendment with Maxim Group","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Board approved ATM increase from $3,005,000 to $3,565,880 in aggregate offering price.","Entered Amendment No. 1 to Equity Distribution Agreement with Maxim Group LLC on Nov 21, 2025.","Common stock sales may occur at-the-market under Rule 415; prospectus supplement to be filed.","Amendment reflects full capacity under the ATM Offering Program for up to $3,565,880."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":6686091.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":140736,"accession_number":"0001477932-25-006486","cik":1718224,"company_name":"BT Brands, Inc.","ticker":"BTBD","form_type":"8-K","filed_at":"2025-09-03T23:59:59+00:00","items":["1.01","7.01","9.01"],"status":"ready","headline":"BT Brands to merge with Aero Velocity in reverse merger; legacy holders diluted to ~11%","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Aero Velocity shareholders to receive 10,110 shares of BT Brands Series A-1 and A-2 Preferred Stock ($10,000 stated value each) as merger consideration.","Concurrent financing of $3-5 million via Series B Convertible Preferred Stock to be invested by Aero Velocity shareholders.","Post-merger ownership: legacy BT Brands stockholders ~11%; Aero Velocity holders ~89% on fully diluted basis.","BT Brands to spin off restaurant operations into new subsidiary BT Group and distribute to common stockholders.","New board of five directors named by Aero Velocity; Mark Hastings to serve as CEO and President."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.9,"calibrated_materiality_score":0.9,"market_cap_usd":6686091.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":193649,"accession_number":"0001477932-24-008079","cik":1718224,"company_name":"BT Brands, Inc.","ticker":"BTBD","form_type":"8-K","filed_at":"2024-12-16T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"BT Brands enters ATM equity distribution agreement with Maxim Group for up to $3M","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Company entered into Equity Distribution Agreement with Maxim Group LLC for ATM offering of common stock.","Maximum aggregate sales proceeds under the offering are up to $3,005,000.","Maxim will receive a commission of 3.0% of gross proceeds from each sale.","Registration statement filed Dec 13, 2024, not yet effective; no sales until declared effective by SEC.","Company has no obligation to sell shares and may suspend or terminate the agreement at any time."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"market_cap_usd":6686091.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":193648,"accession_number":"0001477932-24-007967","cik":1718224,"company_name":"BT Brands, Inc.","ticker":"BTBD","form_type":"8-K","filed_at":"2024-12-10T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"BT Brands shareholders elect directors and approve 3x increase in authorized shares","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["All five director nominees elected with majority votes; broker non-votes of 2.44M.","Proposal to increase authorized common shares from 50M to 150M approved (4.85M for, 112K against).","Ratification of Boulay, PLLP as independent auditor for fiscal year 2023 ratified.","Non-binding advisory vote on executive compensation approved; shareholders favored 1-year frequency for future votes."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.15,"market_cap_usd":6686091.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":193647,"accession_number":"0001477932-24-006689","cik":1718224,"company_name":"BT Brands, Inc.","ticker":"BTBD","form_type":"8-K","filed_at":"2024-10-28T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"BT Brands director Schussler resigns; Fred Croci appointed to board","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Steven W. Schussler resigned from board and audit committee on October 24, 2024; no disagreement cited.","Board accelerated vesting of all unvested options granted to Schussler under 2019 Incentive Plan upon resignation.","Fred Croci appointed to board on October 25, 2024, filling the vacancy; also joins audit and compensation committees.","Croci granted fully vested options to purchase 5,000 shares at $1.73 per share under 2019 Incentive Plan.","Board determined Croci is independent under Nasdaq and SEC rules, financially literate for audit committee."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":6686091.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":228157,"accession_number":"0001477932-24-003600","cik":1718224,"company_name":"BT Brands, Inc.","ticker":"BTBD","form_type":"8-K","filed_at":"2024-06-10T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"BT Brands authorizes repurchase of 10% of outstanding shares; forecasts improved 2024 results","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Board approved repurchase of up to 625,000 shares, about 10% of outstanding common stock.","Company expects positive operating cash flow and earnings in second half of 2024.","Restaurant operating profit forecast to improve by ~$1M vs 2023, with restaurant-level EBITDA ~14% of revenue.","Six Bagger Dave's locations to be repurposed to a different concept in H2 2024.","BT Brands plans dissident slate for Noble Roman's board to assist in refinancing 2025 debt."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":6686091.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":246915,"accession_number":"0001477932-24-000843","cik":1718224,"company_name":"BT Brands, Inc.","ticker":"BTBD","form_type":"8-K","filed_at":"2024-02-21T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"BT Brands annual meeting elects five directors, ratifies auditor","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Gary Copperud, Kenneth Brimmer, Allan Anderson, Terri Tochihara-Dirks, and Steven W. Schussler re-elected as directors.","Ratification of Boulay, PLLP as independent auditor for FY 2023 with 6,000,554 votes for, 98 against.","Quorum of 6,000,666 shares present (92.9% of 6,461,118 outstanding shares)."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.15,"market_cap_usd":6686091.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":320486,"accession_number":"0001477932-23-000131","cik":1718224,"company_name":"BT Brands, Inc.","ticker":"BTBD","form_type":"8-K","filed_at":"2023-01-05T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"BT Brands shareholders elect directors, ratify auditor, approve 300% increase in share reserve for incentive plan","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["All five director nominees (Gary Copperud, Kenneth Brimmer, Allan Anderson, Terry Tochihara-Dirks, Steven W. Schussler) elected with >3.5M votes each.","Boulay PLLP ratified as independent auditor for FY ending Jan 1, 2023, with 5,772,374 votes for.","Amendment to 2019 Incentive Plan approved, increasing shares reserved from 250,000 to 1,000,000 (300% increase).","Quorum of 5,779,695 shares present (89.5% of outstanding 6,461,118)."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.15,"market_cap_usd":6686091.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":355993,"accession_number":"0001477932-22-006015","cik":1718224,"company_name":"BT Brands, Inc.","ticker":"BTBD","form_type":"8-K/A","filed_at":"2022-08-15T23:59:59+00:00","items":["2.01","9.01"],"status":"ready","headline":"BT Brands amends 8-K to correct name of acquired entity in August 2022 deal","summary_kind":"llm","event_type":"other_material","confidence":"medium","bullets":["Amendment corrects entity name in original 8-K for asset acquisition of Von Stephan Village Bier Garten.","Acquisition closed August 4, 2022; targets German-themed restaurant/bar in Cocoa, Florida.","Assets acquired by wholly owned subsidiary 1519BT, LLC from L. Fagan Enterprises, Inc.","Lease agreement for properties at 415 and 409 Delannoy Avenue, Cocoa, Florida also disclosed.","No financial terms or material changes from original filing; purely administrative correction."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"market_cap_usd":6686091.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":355994,"accession_number":"0001477932-22-005856","cik":1718224,"company_name":"BT Brands, Inc.","ticker":"BTBD","form_type":"8-K","filed_at":"2022-08-11T23:59:59+00:00","items":["2.01","9.01"],"status":"ready","headline":"BT Brands acquires German-themed restaurant Von Stephan Village Bier Garten for $690K","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Acquired substantially all assets of Von Stephan Village Bier Garten for $690,000 cash, including $30,000 inventory.","German-themed restaurant and bar located in Cocoa, Florida; acquisition closed August 4, 2022.","Purchase executed by wholly owned subsidiary 1519BT, LLC; lease signed for two properties on Delannoy Avenue.","Seller Troy Stephan to provide management services under a Management Services Agreement post-closing."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":6686091.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":355992,"accession_number":"0001477932-22-005434","cik":1718224,"company_name":"BT Brands, Inc.","ticker":"BTBD","form_type":"8-K/A","filed_at":"2022-07-27T23:59:59+00:00","items":["2.01","9.01"],"status":"ready","headline":"BT Brands completes acquisition of Keegan’s Seafood Grille assets; auditor disclaims opinion on acquired financials","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Acquired substantially all assets of Keegan’s Seafood Grille, a Florida dine-in seafood restaurant operating 35+ years in Clearwater/St. Petersburg.","Auditor issued disclaimer of opinion on Keegan’s 2021 financials due to inability to verify cash, inventory, fixed assets, and sales tax records.","Company warns historic financials are not indicative of past or future performance due to COVID-19 restrictions and one-time PPP loan forgiveness of $533,310.","Keegan's 2021 revenue $3.37M, net income $916.7k (includes $533k PPP loan forgiveness); total assets $414.9k, equity $330.5k."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":6686091.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":355991,"accession_number":"0001477932-22-005403","cik":1718224,"company_name":"BT Brands, Inc.","ticker":"BTBD","form_type":"8-K/A","filed_at":"2022-07-27T23:59:59+00:00","items":["2.01","9.01"],"status":"ready","headline":"BT Brands completes acquisition of Pie in the Sky coffee shop and bakery","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Acquisition of substantially all assets of Pie in the Sky, Inc. completed on May 11, 2022.","Pie in the Sky's 2021 revenue: $1,981,954; net income: $1,438,023 (including $1,230,833 in grants).","Total assets $1,824,780 and total equity $1,718,292 as of Dec 31, 2021.","Qualified audit opinion: MACRS depreciation used; if GAAP straight-line applied, accumulated depreciation would decrease $18,168 and net income increase $7,022."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":6686091.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":374309,"accession_number":"0001477932-22-004155","cik":1718224,"company_name":"BT Brands, Inc.","ticker":"BTBD","form_type":"8-K","filed_at":"2022-06-06T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"BT Brands acquires 41.4% stake in Bagger Dave's for $1.26M","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Paid $1,260,000 for 11,095,085 common shares, representing ~41.4% of Bagger Dave's outstanding common stock.","Seller Michael Ansley (president and largest holder) returned all preferred shares for cancellation and resigned as officer/director.","Bagger Dave's operates six casual restaurants in Michigan, Indiana, and Ohio.","Acquisition closed on June 2, 2022 via stock purchase agreement."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":6686091.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":374308,"accession_number":"0001477932-22-003670","cik":1718224,"company_name":"BT Brands, Inc.","ticker":"BTBD","form_type":"8-K","filed_at":"2022-05-19T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"BT Brands acquires Pie in the Sky Coffee and Bakery assets for $1.15M","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Aggregate purchase price of $1,150,000 for substantially all assets, including tradename.","Five-year triple-net lease with seller; initial rent $10k/month increasing to approx $11k/month; three 5-year renewal options.","CEO: acquisition nearly doubles 2021 sales; second deal since Nov 2021 IPO.","Company holds over $10M cash to pursue additional acquisitions.","Pie in the Sky operates in Woods Hole, MA, serving ferry travelers since 1982."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":6686091.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":392865,"accession_number":"0001477932-22-001235","cik":1718224,"company_name":"BT Brands, Inc.","ticker":"BTBD","form_type":"8-K","filed_at":"2022-03-08T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"BT Brands acquires Keegan's Seafood Grille assets for $1.15M; enters 11-year lease","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Acquired substantially all assets of Keegan's Seafood Grille in Indian Rocks Beach, FL for $1,150,000.","Lease for 132 months (11 years) at $5,000/month initial rent with annual CPI or 3% escalator.","Will continue restaurant under Keegan's Seafood Grille name; serves Clearwater/St. Petersburg markets.","CEO Gary Copperud says deal expected to exceed target returns; first acquisition since November 2021 IPO."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":6686091.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":411276,"accession_number":"0001477932-21-008512","cik":1718224,"company_name":"BT Brands, Inc.","ticker":"BTBD","form_type":"8-K","filed_at":"2021-11-18T23:59:59+00:00","items":["1.01","8.01","9.01"],"status":"ready","headline":"BT Brands prices 2.4M-unit public offering at $5.00/unit; net proceeds ~$10.94M","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Offering of 2.4M units, each consisting of one common share and one warrant exercisable at $5.50.","Underwriters exercised over-allotment for 360,000 warrants; closing occurred November 16, 2021.","Net proceeds of ~$10.94 million after underwriting discounts and before ~$375,000 estimated expenses.","Common stock and warrants began trading on Nasdaq Capital Market under BTBD and BTBDW on November 12, 2021.","Maxim Group and Joseph Gunnar acted as representatives for the underwriters."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":6686091.0,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null}],"next_cursor":null}