Company: BTBDW
Filing Date: 2025-12-01
Form Type: 424B5
Source: 0001477932-25-008703
Chunk: 8

Company: BT Brands, Inc.
Filing Date: 2025-12-01
Form: 424B5
Chunk 8
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   On December 1, 2025, we filed a Current Report on Form 8-K which describes the business of Aero that includes (i) audited financial statements of Aero as of June 5, 2024 and December 31, 2023 and for the period ended June 5, 2024 and the six months ended December 31, 2023, (ii) unaudited pro forma condensed combined financial statements and notes thereto that present the unaudited pro forma condensed combined balance sheets of BT Brands and Aero as of September 30, 2025 and the unaudited pro forma condensed combined statements of operations of BT Brands and Aero as of and for the nine months ended September 30, 2025 and for the year ended December 31, 2024, and (iii) an Aero Velocity Inc. Corporate Investor Deck as of November 24, 2025.    Share Repurchase Program   On June 6, 2024, we authorized a stock repurchase program, under which we may repurchase up to 625,000 shares, or approximately 10.0%, of our currently issued and outstanding common stock (the “2024 Share Repurchase Program”). We have not established any maximum aggregate price to be paid for shares that we repurchase. As of December 29, 2024, we had repurchased 306,394 shares, including 91,394 shares under the 2024 Share Repurchase Program. We may purchase up to an additional 533,606 shares under the 2024 Share Repurchase Program. We are purchasing the shares with available cash. We may purchase shares of our common stock from time to time, in amounts, at prices, and at such times as we deem appropriate, subject to market conditions, legal requirements and other considerations. Our purchases may be executed using open market purchases, unsolicited or solicited privately negotiated transactions, or other transactions. The 2024 Share Repurchase Program does not obligate us to repurchase any specific number of shares and may be suspended, modified, or terminated at any time without prior notice. The 2024 Share Repurchase Program does not contain a time limitation during which repurchases are permitted to occur.   Upon the announcement of a potential merger transaction, we suspended the 2024 Share Repurchase Program. Prior to suspending the 2024 Share Repurchase Program, we had not purchased any shares of common stock under the 2024 Share Repurchase Program during 202