secwatch.observer — SEC 8-K summary
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Issuer:     BT Brands, Inc. (BTBD)
CIK:        0001718224
Form:       8-K
Filed at:   2022-06-06T23:59:59+00:00
Accession:  0001477932-22-004155
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 41.4% stake in Bagger Dave's for $1.26M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1718224/000147793222004155/0001477932-22-004155-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1718224/000147793222004155/btbd_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-22-004155

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