---
schema_version: "secwatch.filing_event.v1"
accession: "0001477932-25-006486"
form_type: "8-K"
ticker: "BTBD"
cik: "0001718224"
company_name: "BT Brands, Inc."
filed_at: "2025-09-03T23:59:59+00:00"
generated_at: "2026-05-17T08:35:39.553183+00:00"
event_type: "m_and_a"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# BT Brands to merge with Aero Velocity in reverse merger; legacy holders diluted to ~11%

## Summary
- Aero Velocity shareholders to receive 10,110 shares of BT Brands Series A-1 and A-2 Preferred Stock ($10,000 stated value each) as merger consideration.
- Concurrent financing of $3-5 million via Series B Convertible Preferred Stock to be invested by Aero Velocity shareholders.
- Post-merger ownership: legacy BT Brands stockholders ~11%; Aero Velocity holders ~89% on fully diluted basis.
- BT Brands to spin off restaurant operations into new subsidiary BT Group and distribute to common stockholders.
- New board of five directors named by Aero Velocity; Mark Hastings to serve as CEO and President.

## SEC filing metadata
- accession: 0001477932-25-006486
- form_type: 8-K
- ticker: BTBD
- cik: 0001718224
- company_name: BT Brands, Inc.
- filed_at: 2025-09-03T23:59:59+00:00
- event_type: m_and_a
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1718224/000147793225006486/0001477932-25-006486-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1718224/000147793225006486/btbd_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477932-25-006486
- JSON: https://secwatch.observer/filing/0001477932-25-006486.json
- Plain text: https://secwatch.observer/filing/0001477932-25-006486.txt

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