Company: BTBDW
Filing Date: 2025-12-01
Form Type: 424B5
Source: 0001477932-25-008703
Chunk: 10

Company: BT Brands, Inc.
Filing Date: 2025-12-01
Form: 424B5
Chunk 10
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 BT Group and will not be available for use in Aero’s business. Our management will have considerable discretion in the application of the net proceeds, and you will not have the opportunity, as part of your investment decision, to assess whether the proceeds are being used appropriately. The net proceeds, if any, may be used for corporate purposes that do not improve our operating results or enhance the value of our common stock. The failure of our management to use these funds effectively could have a material adverse effect on our business and cause the market price of our common stock to decline. Pending their use, we may invest the net proceeds from this offering in short-term, investment-grade, interest-bearing instruments and U.S. government securities. These investments may not yield a favorable return to our stockholders.

The Company’s stock price has fluctuated in the past and may be volatile in the future, and as a result, investors in our common stock could incur substantial losses.

Our stock price has fluctuated in the past, has recently been volatile, and may be volatile in the future. Over the last twelve months, the reported closing price of our common stock on the Nasdaq Capital Market has ranged from a high of $3.03 on September 3, 2025 to a low of $1.00 on May 16, 2025. Volatility in the price of our common stock can be attributable to a number of factors. For example, we may incur rapid and substantial decreases in our stock price in the foreseeable future that are unrelated to our operating performance or prospects. The stock market has experienced extreme volatility that has often been unrelated to the operating performance of particular companies. As a result of this volatility, investors may experience losses on their investment in our common stock. The market price for our common stock may be influenced by many factors, including the following:

| · | actual or anticipated fluctuations in comparable restaurant sales or operating results, whether in our operations or in those of our competitors;               |
| · | changes in financial estimates or opinions by research analysts, either with respect to us or other quick-service restaurant companies;                         |
| · | our failure to integrate new restaurants that we develop or acquire into our corporate framework or our failure to operate any such new restaurants profitably; |
| · | any failure to meet investor or analyst expectations;                                                                                                           |
| · | the public’s reaction to our press releases, other public announcements and our filings with the SEC;                                                           |
| · | actual or anticipated changes in domestic or worldwide economic, political or market