secwatch.observer — SEC 8-K summary
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Issuer:     BT Brands, Inc. (BTBD)
CIK:        0001718224
Form:       8-K
Filed at:   2022-05-19T23:59:59+00:00
Accession:  0001477932-22-003670
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BT Brands acquires Pie in the Sky Coffee and Bakery assets for $1.15M
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- Aggregate purchase price of $1,150,000 for substantially all assets, including tradename.
- Five-year triple-net lease with seller; initial rent $10k/month increasing to approx $11k/month; three 5-year renewal options.
- CEO: acquisition nearly doubles 2021 sales; second deal since Nov 2021 IPO.
- Company holds over $10M cash to pursue additional acquisitions.
- Pie in the Sky operates in Woods Hole, MA, serving ferry travelers since 1982.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1718224/000147793222003670/0001477932-22-003670-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1718224/000147793222003670/btbd_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-22-003670

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