{"filings":[{"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}],"next_cursor":null}