Company: BTBDW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001477932-25-002248
Chunk: 11

Company: BT Brands, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 11
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 existing restaurant businesses is subject to risks and uncertainties, including all the risks of our current operations as outlined in this Annual Report and other factors, including:

 ·investigating a potential acquisition, including negotiating and drafting agreements and documents, requires substantial management time and costs. If we do not complete a target acquisition, the costs incurred likely would not be recoverable; ·a target business may be a privately held company with very information available; ·the business that we acquire may be financially unstable; ·we may not be able to retain the management or other key personnel of the business that we acquire; ·our corporate culture could differ from the corporate culture of the business that we acquire, making the integration of the acquired target business difficult; ·our ability to assess the management of a target business may be limited; ·we may experience impairment of acquired tangible and intangible assets and goodwill;   the target business may have unknown liabilities; ·we may incur debt to complete an acquisition, and debt could have a variety of adverse effects, including:  oforeclosure on our assets if our operating revenues are insufficient to repay our debt obligations;  oimmediate payment of all principal and accrued interest if the debt security is payable on demand;  osuch debt may include covenants that prohibit us from paying dividends on our common stock;  ousing a substantial portion of our cash flow to pay principal and interest on our debt, reducing funds available for dividends on our common stock, our ability to pay expenses, make capital expenditures and acquisitions, and fund other general corporate purposes;  olimitations on our flexibility in planning for changes in our business and the industry;  oincreased vulnerability to adverse changes in general economic and competitive conditions and adverse changes in government regulation;  osuch debt may include covenants that limit our ability to borrow additional amounts:   oother disadvantages compared to competitors with lower leverage.

These factors, among the many other risks and uncertainties typically associated with acquisitions of existing businesses, could negatively impact our Company, which would have a material adverse effect on our business, financial condition, and results of operations.

Acquisitions may have unanticipated consequences that could harm our business and our financial condition.

Any acquisition that we pursue, whether completed or not, involves risks, including:

 ·material adverse effects on our operating results, particularly in the quarters immediately following the acquisition, as the acquired restaurants are integrated into our operations; ·potential impairment of tangible and intangible