Announcement • Jun 02
BT Brands, Inc., Annual General Meeting, Jun 19, 2026 BT Brands, Inc., Annual General Meeting, Jun 19, 2026. Location: at 4519 main st, manchester, vt 05255, United States Announcement • May 13
BT Brands, Inc. announced delayed 10-Q filing On 05/12/2026, BT Brands, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Announcement • May 08
Aero Velocity INC. cancelled the acquisition of BT Brands, Inc. (NasdaqCM:BTBD) in a reverse merger transaction. Aero Velocity INC. entered into a definitive merger agreement to acquire BT Brands, Inc. (NasdaqCM:BTBD) in a reverse merger transaction for $0.02 million on September 2, 2025. Upon the closing of the proposed transactions, Aero Velocity’s stockholders are expected to own approximately 89% of the combined company, and existing BT Brands stockholders are expected to own approximately 11% of the combined company. Upon the closing of the proposed transactions, the combined company is expected to be renamed “Aero Velocity Inc.” and trade on the Nasdaq Capital Market. Mark Hastings will serve as CEO of the combined company. In case of termination BT Brands will pay Aero Velocity $3.5 million.
The transaction has been unanimously approved by the board of directors of both companies and is subject to approvals by the stockholders of each company and other customary closing conditions, Effectiveness of registration statement, all approvals with any Governmental Authority, HSR act approval, employee agreements, listing approvals, Execution of ancillary agreements. The transaction is expected to close in the fourth quarter of 2025 or first quarter of 2026.
Maxim Group is serving as financial advisor and William P. Ruffa of Ruffa & Ruffa, P.C. is serving as legal counsel to BT Brands. Chardan Capital Markets is serving as financial advisor and Jeffrey M. Gallant and David Alan Miller of Graubard Miller is serving as legal counsel to Aero Velocity. Continental Stock Transfer & Trust Company acted as transfer agent to BT Brands.
Aero Velocity INC. cancelled the acquisition of BT Brands, Inc. (NasdaqCM:BTBD) in a reverse merger transaction on May 7, 2026. The merger agreement was terminated upon expiration of the contractual term set forth in the Merger Agreement, as the registration statement relating to the proposed transaction was required to be declared effective by the U.S. Securities and Exchange Commission by April 30, 2026. The termination was effected in accordance with the terms of the merger agreement. 
