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.
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 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 acquires German-themed restaurant Von Stephan Village Bier Garten for $690K
Acquired substantially all assets of Von Stephan Village Bier Garten for $690,000 cash, including $30,000 inventory.
BT Brands acquires 41.4% stake in Bagger Dave's for $1.26M
Paid $1,260,000 for 11,095,085 common shares, representing ~41.4% of Bagger Dave's outstanding common stock.
BT Brands acquires Pie in the Sky Coffee and Bakery assets for $1.15M
Aggregate purchase price of $1,150,000 for substantially all assets, including tradename.
BT Brands acquires Keegan's Seafood Grille assets for $1.15M; enters 11-year lease
Acquired substantially all assets of Keegan's Seafood Grille in Indian Rocks Beach, FL for $1,150,000.
BT Brands prices 2.4M-unit public offering at $5.00/unit; net proceeds ~$10.94M
Offering of 2.4M units, each consisting of one common share and one warrant exercisable at $5.50.
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