secwatch.observer — SEC 8-K summary
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Issuer:     Good Times Restaurants Inc. (GTIM)
CIK:        0000825324
Form:       8-K
Filed at:   2023-01-30T23:59:59+00:00
Accession:  0001214659-23-001237
Event type: m_and_a
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 2.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Good Times Restaurants acquires remaining interests in five Bad Daddy's Burger Bar joint ventures for $4.4M
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- Aggregate cash purchase price of $4,394,205 funded from cash reserves; five locations in NC and SC now wholly-owned.
- Credit facility amended to extend maturity to April 30, 2023 and consent to acquisition; no outstanding borrowings under facility.
- Amendment provides EBITDA credit for ~$850,000 of full-year EBITDA previously allocated to non-controlling members.
- VP of Operations Jim Abbott, a seller, received ~$523,000 of the aggregate proceeds.
- Acquisition consolidates ownership of all traditional Bad Daddy's locations under Good Times Restaurants.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/825324/000121465923001237/0001214659-23-001237-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/825324/000121465923001237/d1272318k.htm
  HTML page:      https://secwatch.observer/filing/0001214659-23-001237

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