BurgerFi International, Inc.: going-concern / distress — BurgerFi Chapter 11 liquidation plan confirmed; equity canceled without consideration

BurgerFi International, Inc.

Bankruptcy court confirmed Second Amended Joint Chapter 11 Plan of Liquidation on March 12, 2025.
Effective date March 17, 2025; all existing equity interests canceled and extinguished, holders receive no property.
Daniel F. Dooley of MorrisAnderson appointed as Liquidating Trustee to administer the liquidation trust.
All executory contracts and unexpired leases rejected as of effective date, except previously assumed or pending.
Plan approved under section 1129; rejecting classes (4, 6, 7, 8) deemed not discriminated unfairly.

Key facts

Extracted from this filing and checked against the source text.

Distress & Bankruptcy SEC 8-K Item 1.03 confidence 0.9

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 (the " Bankruptcy Code ") in the United States Bankruptcy Court for the District Court of Delaware (the " Court "). The Debtors have been operating as debtors in possession in accordance with the applicable provisions of the Bankruptcy Code and their cases have been jointly administered under the caption In re BurgerFi International, Inc. , Case No. 24-12017 (CTG).

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Source: SEC EDGAR

accession 0001104659-25-024589

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