Company: BTBDW
Filing Date: 2025-12-01
Form Type: 424B5
Source: 0001477932-25-008703
Chunk: 19

Company: BT Brands, Inc.
Filing Date: 2025-12-01
Form: 424B5
Chunk 19
---
 is no arrangement for funds to be received in an escrow, trust or similar arrangement.

The actual proceeds to us will vary depending on the number of shares sold and the prices of such sales. Because there is no minimum offering amount required as a condition to close this offering, the actual total public offering amount, commissions, and proceeds to us, if any, are not determinable at this time.

In connection with the sale of the common stock on our behalf, the Sales Agent will be deemed to be an “underwriter” within the meaning of the Securities Act and the compensation of the Sales Agent will be deemed to be underwriting commissions or discounts. We have agreed to provide indemnification and contribution to the Sales Agent against certain civil liabilities, including liabilities under the Securities Act and Exchange Act.

Sales of our common stock as contemplated in this prospectus supplement will be settled through the facilities of The Depository Trust Company or by such other means as we and the Sales Agents may agree upon. There is no arrangement for funds to be received in escrow, trust, or similar arrangement.

The offering of our common stock pursuant to this prospectus supplement will terminate upon the earlier of (i) the sale of all of our common stock provided for in this prospectus supplement or (ii) termination of the Equity Distribution Agreement as provided therein.

This prospectus supplement and the at-the-market offering prospectus in electronic format may be made available on a website maintained by the Sales Agent and the Sales Agent may distribute this prospectus supplement electronically.

The foregoing does not purport to be a complete statement of the terms and conditions of the Equity Distribution Agreement. The Original Equity Distribution Agreement has been filed as an exhibit to our Current Report on Form 8-K dated December 16, 2024 and the EDA Amendment has been filed as an exhibit to our Current Report on Form 8-K dated November 25, 2025.

Other Relationships

The Sales Agent and/or its affiliates have and may in the future provide, various investment banking and other financial services for us, for which services they have received and may in the future receive customary fees. From time to time, the Sales Agent and its affiliates may also effect transactions for their own account or the account of customers, and hold on behalf of themselves or their customers, long or short positions in our debt or equity securities or loans, and may do so in the future. However, except as disclosed in this prospectus supplement, we have no present arrangements with the Sales Agent for any further services. To the extent