Company: BTBDW
Filing Date: 2025-05-01
Form Type: 10-K/A
Source: 0001477932-25-003198
Chunk: 2

Company: BT Brands, Inc.
Filing Date: 2025-05-01
Form: 10-K/A
Chunk 2
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 recovery period pursuant to §240.10D-1(b). ☐

As of June 30, 2024, the last business day of the registrant’s most recently completed second fiscal quarter, the aggregate market value of voting and non-voting common equity held by non-affiliates of the registrant was $.

At March 15, 2025, there were shares of common stock outstanding.

<div align='center'>DOCUMENTS INCORPORATED BY REFERENCE

None</div>

<div align='center'>EXPLANATORY NOTE</div>

BT Brands, Inc. (the “Company”) is filing this Amendment No. 1 (“Amendment No. 1”) to its Annual Report on Form 10-K for the fiscal year ended December 29, 2024 originally filed with the Securities and Exchange Commission on March 31, 2025 (the “Original Filing”), solely to correct typographical and numerical presentation errors identified in the financial statements filed with the Original Filing (the “Financial Statements”).

The revisions to the Original Filing encompass the following items in the Financial Statements:

1.CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY

Correction of Presentation Related to Treasury Shares

In the Original Filing, a typographical error within the row titled “treasury stock purchases” resulted in the omission of parentheses intended to indicate a subtraction of 91,394 treasury shares from the total outstanding shares as of December 29, 2024. The number of shares outstanding on the consolidated statement of shareholders’ equity, therefore, was incorrect. The correct number of 6,154,724 shares outstanding was disclosed on the consolidated balance sheets and is unchanged; the absence of parentheses may have caused confusion regarding whether the treasury shares had been deducted.

The corrected Consolidated Statement of Shareholders’ Equity has been revised as follows:

| Total Shares outstanding at December 31, 2023: |     | 6,246,118 |   |     | Reported  |
| Less: Treasury Shares purchased in 2024:       |     |   (91,394 | ) |     | Corrected |
| Shares Outstanding at December 29, 2024:       |     | 6,154,724 |   |     | Corrected |

This correction is presentational only and does not affect any financial amounts on the consolidated statements, loss per share calculations, or other disclosures in the Original Filing.

2. BALANCE SHEET

Correction to Number of