---
schema_version: "secwatch.filing_event.v1"
accession: "0001477932-22-005434"
form_type: "8-K/A"
ticker: "BTBD"
cik: "0001718224"
company_name: "BT Brands, Inc."
filed_at: "2022-07-27T23:59:59+00:00"
generated_at: "2026-06-24T08:15:21.786611+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# BT Brands completes acquisition of Keegan’s Seafood Grille assets; auditor disclaims opinion on acquired financials

## Summary
- Acquired substantially all assets of Keegan’s Seafood Grille, a Florida dine-in seafood restaurant operating 35+ years in Clearwater/St. Petersburg.
- Auditor issued disclaimer of opinion on Keegan’s 2021 financials due to inability to verify cash, inventory, fixed assets, and sales tax records.
- Company warns historic financials are not indicative of past or future performance due to COVID-19 restrictions and one-time PPP loan forgiveness of $533,310.
- Keegan's 2021 revenue $3.37M, net income $916.7k (includes $533k PPP loan forgiveness); total assets $414.9k, equity $330.5k.

## SEC filing metadata
- accession: 0001477932-22-005434
- form_type: 8-K/A
- ticker: BTBD
- cik: 0001718224
- company_name: BT Brands, Inc.
- filed_at: 2022-07-27T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1718224/000147793222005434/0001477932-22-005434-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1718224/000147793222005434/btbd_8ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477932-22-005434
- JSON: https://secwatch.observer/filing/0001477932-22-005434.json
- Plain text: https://secwatch.observer/filing/0001477932-22-005434.txt

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