secwatch.observer — SEC 8-K summary
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Issuer:     BT Brands, Inc. (BTBD)
CIK:        0001718224
Form:       8-K
Filed at:   2022-03-08T23:59:59+00:00
Accession:  0001477932-22-001235
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BT Brands acquires Keegan's Seafood Grille assets for $1.15M; enters 11-year lease
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- Acquired substantially all assets of Keegan's Seafood Grille in Indian Rocks Beach, FL for $1,150,000.
- Lease for 132 months (11 years) at $5,000/month initial rent with annual CPI or 3% escalator.
- Will continue restaurant under Keegan's Seafood Grille name; serves Clearwater/St. Petersburg markets.
- CEO Gary Copperud says deal expected to exceed target returns; first acquisition since November 2021 IPO.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1718224/000147793222001235/0001477932-22-001235-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1718224/000147793222001235/btbd_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-22-001235

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