secwatch.observer — SEC 8-K summary
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Issuer:     BT Brands, Inc. (BTBD)
CIK:        0001718224
Form:       8-K
Filed at:   2021-11-18T23:59:59+00:00
Accession:  0001477932-21-008512
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BT Brands prices 2.4M-unit public offering at $5.00/unit; net proceeds ~$10.94M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1718224/000147793221008512/0001477932-21-008512-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1718224/000147793221008512/btbd_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-21-008512

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer