BurgerFi International, Inc.: going-concern / distress — BurgerFi files Chapter 11, gets interim DIP financing, faces Nasdaq delisting

BurgerFi International, Inc.

Filed Chapter 11 on Sept 11, 2024 with 114 affiliates; 144 locations operate normally; 67 corporate stores included.
Interim court approval for $3.5M of $5.18M DIP financing from TREW Capital; final hearing Oct 7.
Nasdaq to suspend trading Sept 23 for failure to meet listing rules; Company will not appeal.
Director David Heidecorn resigned Sept 16, no disagreement.
Company plans sale process with lender support under DIP agreement.

item 1.01 item 1.03 item 2.04 item 3.01 item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

David Heidecorn

director

BurgerFi International, Inc.

Effective: 2024-09-16
Filed: September 17, 2024, 7:59 PM ET

On September 16, 2024, David Heidecorn resigned from the board of directors of the Company, effective immediately.

Key facts

Extracted from this filing and checked against the source text.

Distress & Bankruptcy SEC 8-K Item 1.03 confidence 0.9

BurgerFi International, Inc. entered chapter 11 in United States Bankruptcy Court for the District of Delaware (petition 2024-09-11).

Proceeding: chapter 11
Court: United States Bankruptcy Court for the District of Delaware
Petition: 2024-09-11

Exact text from the filing

On September 11, 2024, BurgerFi International, Inc. (the " Company ") and one hundred fourteen (114) affiliates

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

David Heidecorn resigned as director at BurgerFi International, Inc..

Action: resigned
Role: director

Exact text from the filing

On September 16, 2024, David Heidecorn resigned from the board of directors of the Company, effective immediately.

View on SEC.gov

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Source: SEC EDGAR

accession 0001723580-24-000055

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