secwatch.observer — SEC 8-K summary
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Issuer:     BT Brands, Inc. (BTBD)
CIK:        0001718224
Form:       8-K
Filed at:   2024-12-16T23:59:59+00:00
Accession:  0001477932-24-008079
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BT Brands enters ATM equity distribution agreement with Maxim Group for up to $3M
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- Company entered into Equity Distribution Agreement with Maxim Group LLC for ATM offering of common stock.
- Maximum aggregate sales proceeds under the offering are up to $3,005,000.
- Maxim will receive a commission of 3.0% of gross proceeds from each sale.
- Registration statement filed Dec 13, 2024, not yet effective; no sales until declared effective by SEC.
- Company has no obligation to sell shares and may suspend or terminate the agreement at any time.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1718224/000147793224008079/0001477932-24-008079-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1718224/000147793224008079/btbd_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-24-008079

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