BT Brands, Inc. Announces Pricing of Upsized $12 Million Initial Public Offering

Nov 12, 2021

WEST FARGO, ND / ACCESSWIRE / November 12, 2021 / BT Brands, Inc. ("BT Brands" or the "Company") (NASDAQ:BTBD; BTBDW), owner and operator of quick service restaurants, in a move forward with its plan to acquire additional restaurant businesses, today announced the pricing of its initial public offering of 2,400,000 units at a price of $5.00 per unit. Each unit consists of one share of common stock and one warrant to purchase one share of common stock. The shares of common stock and warrants are immediately separable from the units and will be issued separately. The shares of common stock and warrants are expected to begin trading on the Nasdaq Capital Market on November 12, 2021 under the symbols "BTBD" and "BTBDW," respectively. BT Brands expects to receive gross proceeds of $12 million, before deducting underwriting discounts and commissions and other estimated offering expenses.

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