BT Brands acquires 41.4% stake in Bagger Dave's for $1.26M

BT Brands, Inc.

Paid $1,260,000 for 11,095,085 common shares, representing ~41.4% of Bagger Dave's outstanding common stock.
Seller Michael Ansley (president and largest holder) returned all preferred shares for cancellation and resigned as officer/director.
Bagger Dave's operates six casual restaurants in Michigan, Indiana, and Ohio.
Acquisition closed on June 2, 2022 via stock purchase agreement.

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