Certain Common Stock of BT Brands, Inc. are subject to a Lock-Up Agreement Ending on 11-MAY-2022.
May 10, 2022
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Certain Common Stock of BT Brands, Inc. are subject to a Lock-Up Agreement Ending on 11-MAY-2022. These Common Stock will be under lockup for 180 days starting from 12-NOV-2021 to 11-MAY-2022.
Details:
The directors, officers and certain stockholders of the company have agreed with the underwriters not to offer for sale, issue, sell, contract to sell, pledge or otherwise dispose of any shares of common stock or securities convertible into common stock for a period of 180 days from the date of the prospectus.
BT Brands, Inc. owns and operates approximately 17 restaurants, including Seven Burger Time fast-food restaurants and one Dairy Queen franchise located in the North Central region of the United States, collectively (BTND); Bagger Daveâs Burger Tavern, Inc., a partially owned affiliate, operates six Bagger Daveâs restaurants in Michigan, Ohio, and Indiana (BDVB); Keeganâs Seafood Grille in Indian Rocks Beach, Florida; Pie In The Sky Coffee and Bakery in Woods Hole, Massachusetts, and Village Bier Garten is a German-themed restaurant, bar, and entertainment venue in Cocoa, Florida. Its Burger Time restaurants feature a variety of burgers and other affordable foods, sides, and soft drinks. Its Burger Time restaurants feature a variety of burgers and other affordable foods, sides, and soft drinks. The Companyâs Dairy Queen restaurant offers a proscribed menu consisting of burgers, chicken, sides, ice cream, other desserts, and various beverages.