---
schema_version: "secwatch.filing_event.v1"
accession: "0001477932-26-002841"
form_type: "8-K"
ticker: "BTBD"
cik: "0001718224"
company_name: "BT Brands, Inc."
filed_at: "2026-05-07T23:59:59+00:00"
generated_at: "2026-05-14T21:53:00.404050+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# BT Brands terminates Aero Velocity merger; registration statement not declared effective by April 30, 2026

## Summary
- Terminated merger agreement with Aero Velocity on May 1, 2026, because SEC did not declare registration statement effective by April 30, 2026.
- No termination fee or material early termination penalty is payable under the Merger Agreement.
- Aero's counsel sent a letter on May 4, 2026 disputing validity of termination; BT Brands disputes Aero's assertions.
- BT Brands will focus on improving restaurant profitability, strengthening cash flow, and maintaining balance sheet flexibility.
- CEO Gary Copperud stated termination was in best interests of shareholders.

## SEC filing metadata
- accession: 0001477932-26-002841
- form_type: 8-K
- ticker: BTBD
- cik: 0001718224
- company_name: BT Brands, Inc.
- filed_at: 2026-05-07T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.02, 8.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1718224/000147793226002841/0001477932-26-002841-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1718224/000147793226002841/btbd_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477932-26-002841
- JSON: https://secwatch.observer/filing/0001477932-26-002841.json
- Plain text: https://secwatch.observer/filing/0001477932-26-002841.txt

## Source-grounded claims
- claim_id: 1da99f59d55b4bfd00ecf41b3d71d2fcbe443028
  claim: BT Brands, Inc. terminated Merger Agreement with Aero Velocity Inc. (effective 2026-05-01).
  evidence_excerpt: On May 1, 2026, the Company delivered written notice to Aero terminating the Merger Agreement pursuant to Section 7.1(b) thereof.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1718224/000147793226002841/0001477932-26-002841-index.htm

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