Highest-materiality recent filing
BT Brands CFO Kenneth Brimmer resigns; no successor named
Kenneth Brimmer resigned as director, CFO, principal financial and accounting officer effective May 26, 2026.
Terminated merger agreement with Aero Velocity on May 1, 2026, because SEC did not declare registration statement effective by April 30, 2026.
BT Brands merger partner Aero Velocity partners with AC Future on military drone launch vehicle
Aero Velocity and AC Future to co-develop Mobile Drone Launch Vehicle (MDLV) for U.S. military and public-sector use.
BT Brands files auditor consent for S-3 registration; no material news
Consent of independent registered public accounting firm for incorporation by reference of 2025 10-K audit report.
Restaurant-level EBITDA rose 138% to $1.7M from $724K in 2024; EBITDA margin improved to 12.4% from 4.9%.
AeroShield Alliance (BT Brands merger partner) opens Mississippi HQ; targets $100M+ govt contracts
Alliance members have secured over $100 million in government contracts across multiple agencies.
Aero Velocity (drone operations) and SoftWash Systems (eco-friendly exterior cleaning) launch combined aerial cleaning service.
BT Brands receives Nasdaq delisting notice for missing annual shareholder meeting
Nasdaq notice on Jan 14, 2026 for failure to hold annual meeting for FY2024 (Rule 5620(a)).
BT Brands files detailed Aero Velocity business overview and audited financials for pending merger
Merger agreement with Aero Velocity; BT Brands will spin off existing assets into BT Group before closing.
BT Brands increases ATM offering capacity to $3.57M via amendment with Maxim Group
Board approved ATM increase from $3,005,000 to $3,565,880 in aggregate offering price.
BT Brands to merge with Aero Velocity in reverse merger; legacy holders diluted to ~11%
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.
BT Brands enters ATM equity distribution agreement with Maxim Group for up to $3M
Company entered into Equity Distribution Agreement with Maxim Group LLC for ATM offering of common stock.
BT Brands shareholders elect directors and approve 3x increase in authorized shares
All five director nominees elected with majority votes; broker non-votes of 2.44M.
BT Brands director Schussler resigns; Fred Croci appointed to board
Steven W. Schussler resigned from board and audit committee on October 24, 2024; no disagreement cited.
BT Brands authorizes repurchase of 10% of outstanding shares; forecasts improved 2024 results
Board approved repurchase of up to 625,000 shares, about 10% of outstanding common stock.
Effective May 26, 2026, Kenneth Brimmer resigned from his positions as a member of the Board of Directors and Chief Financial Officer of BT Brands, Inc.
Effective May 26, 2026, Kenneth Brimmer resigned from his positions as a member of the Board of Directors and Chief Financial Officer of BT Brands, Inc.
On October 24, 2024, Steven W. Schussler tendered his resignation as a member of the board of director of the Company and from the audit committee of the board of directors.
On October 25, 2024, the board of directors appointed Fred Croci to serve as a member of the board of directors to fill the vacancy created by Mr. Schussler’s resignation.
Max materiality 0.90 · Median 0.60 · Most common event other_material