---
schema_version: "secwatch.filing_event.v1"
accession: "0001477932-22-004155"
form_type: "8-K"
ticker: "BTBD"
cik: "0001718224"
company_name: "BT Brands, Inc."
filed_at: "2022-06-06T23:59:59+00:00"
generated_at: "2026-06-25T04:24:57.207096+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001477932-22-004155
- form_type: 8-K
- ticker: BTBD
- cik: 0001718224
- company_name: BT Brands, Inc.
- filed_at: 2022-06-06T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1718224/000147793222004155/0001477932-22-004155-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1718224/000147793222004155/btbd_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477932-22-004155
- JSON: https://secwatch.observer/filing/0001477932-22-004155.json
- Plain text: https://secwatch.observer/filing/0001477932-22-004155.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.