Current Report
Filed: 2026-01-20
Key Insights
- BT Brands, Inc. (BTBD) has received a notice from Nasdaq for failing to hold an annual shareholder meeting for the fiscal year ended December 31, 2024, which could lead to delisting if not addressed.
- The company has until March 2, 2026 to submit a plan to regain compliance with Nasdaq's listing rule, and if accepted, may receive an extension to June 29, 2026 to hold the annual meeting.
- BT Brands has filed a registration statement and plans to hold a special meeting of shareholders to approve a merger agreement with Aero Velocity, Inc., which if not approved by April 30, 2026, may lead the company to call an annual meeting shortly thereafter.