secwatch.observer — SEC 8-K summary
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Issuer:     BurgerFi International, Inc. (—)
CIK:        0001723580
Form:       8-K
Filed at:   2024-09-17T23:59:59+00:00
Accession:  0001723580-24-000055
Event type: other_material
Sentiment:  negative
Materiality: 0.95
Item codes: 1.01, 1.03, 2.04, 3.01, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BurgerFi files Chapter 11, gets interim DIP financing, faces Nasdaq delisting
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1723580/000172358024000055/0001723580-24-000055-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1723580/000172358024000055/bfi-20240911.htm
  HTML page:      https://secwatch.observer/filing/0001723580-24-000055

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