BurgerFi International, Inc.: going-concern / distress — BurgerFi files amended Chapter 11 liquidation plan; existing equity cancelled for no recovery

BurgerFi International, Inc.

Plan filed Jan 27, 2025: cancels existing common stock for no value; new equity to TREW Capital Management.
Allowed administrative, priority, and secured claims to be satisfied in full; unsecured claims get distributions from liquidating trust.
Existing equity holders deemed to reject plan, not entitled to vote; confirmation hearing March 11, 2025.
Monthly operating report for Dec 2024 shows $0 cash, $0 revenue, $0 assets; no operations.
Prior monthly operating reports (Sep-Nov 2024) also attached as exhibits.

Key facts

Extracted from this filing and checked against the source text.

Distress & Bankruptcy SEC 8-K Item 1.03 confidence 1.0

BurgerFi International, Inc. entered chapter 11 in United States Bankruptcy Court for the District Court of Delaware (petition 2024-09-11).

Proceeding: chapter 11
Court: United States Bankruptcy Court for the District Court of Delaware
Petition: 2024-09-11

Exact text from the filing

BurgerFi International, Inc. (the " Company ") and 114 direct or indirect subsidiaries (collectively with the Company, the " Debtors ") filed voluntary petitions for relief under chapter 11 of Title 11 of the United States Code

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Source: SEC EDGAR

accession 0001104659-25-010948

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