Company: BTBDW
Filing Date: 2025-12-01
Form Type: 8-K
Source: 0001477932-25-008693
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Company: BT Brands, Inc.
Filing Date: 2025-12-01
Form: 8-K
Item: Item 8.01
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Item 8.01 Other Events.

As previously reported in our Current Report on Form 8-K filed with the Securities and Exchange Commission on September 3, 2025, BT Brands, Inc. ( “BT Brands”) entered into an Agreement and Plan of Merger (the “ Merger Agreement”) among BT Brands, Aero Merger Sub Inc., a Delaware corporation and a direct, wholly owned subsidiary of Parent (“ Merger Sub”), and Aero Velocity Inc., a Delaware corporation (“ Aero Velocity”, “ Aero” or the “ Company”). The Merger Agreement contemplates that prior to closing of the transactions contemplated thereby, BT Brands shall complete a restructuring pursuant to which it will form a wholly-owned Wyoming subsidiary (“ BT Group”), to which it will transfer all of its assets and liabilities. It is then contemplated that BT Brands will distribute the shares of BT Group held by it to BT Brands' common stockholders (the “Spin-Off”). It is contemplated that in connection with the Spin-Off, BT Group would pursue a listing for its common stock. If deemed required under the Warrant Agreement governing BT Brands’ outstanding public warrants, the exercise price of such warrants will be adjusted to reflect the value of the distribution of BT Group to BT Brands’ common stockholders.

BT Brands is filing this Current Report on Form 8-K to provide the following:

  A narrative discussion relating to the business of Aero as set both below;                                                                                                                            
  Audited abbreviated financial statements of Aero as of June 5, 2024 and December 31, 2023 and for the periods ended June 5, 2024 and the six months ended December 31, 2023 attached as Exhibit 9...  
  Audited financial statements of Aero as of December 31, 2024 and for the period from June 6, 2024 to December 31, 2024 attached hereto as Exhibit 99.2;                                               
  The historical unaudited financial statements of Aero Velocity, Inc. for the three and nine months ended September 30, 2025 and the related notes thereto attached hereto as Exhibit 99.3.            
  Unaudited pro forma condensed combined financial statements of BT Brands and Aero and accompanying notes thereto presenting the unaudited pro forma condensed combined balance sheets as of Septe...  
  The consent of Boulay PLLP, independent registered public accounting firm of BT Brands, to the incorporation by reference into BT Brands registration statement on Form S-3 (No.