BT Brands, Inc. (Nasdaq: BTND) (“BT Brands” or the “Company”), a multi-brand restaurant company, has announced its ongoing efforts to explore and execute strategic initiatives aimed at strengthening its growth platform. The initiatives include a potential merger transaction as part of a broader plan to create enhanced shareholder value.
The Company has been working closely with its investment banking advisor, a leading full-service firm, to evaluate a wide range of opportunities. This strategic review process, which began last year, has extended beyond the food service industry to consider transactions in dynamic industries such as biotechnology, cryptocurrency, and drone services.
BT Brands also highlighted that Bagger Dave’s Burger Tavern, Inc. (OTC Markets: BDVB), a 40.8% owned affiliate, is negotiating the sale of five of its six restaurant locations. This transaction, anticipated to close in the third quarter of 2025, is expected to reposition BDVB as a platform capable of pursuing additional strategic ventures, including a potential merger.
“Our objective is to create shareholder value by identifying opportunities that strengthen our platform and broaden our growth prospects,” said Gary Copperud, Chief Executive Officer of BT Brands. “Our advisor brings deep expertise in capital markets and strategic guidance, and we are eager to advance these opportunities to achieve our corporate goals.”
While BT Brands is aiming to complete both transactions before the end of the year, the Company notes that there is no guarantee any deal will be finalized. Updates on the process will only be disclosed if approved by the Board of Directors or deemed necessary.
About BT Brands, Inc. (Nasdaq: BTND)
BT Brands, Inc. owns and operates a diverse portfolio of restaurant concepts across the United States. The Company’s strategy focuses on disciplined growth, operational excellence, and delivering value to shareholders.
About Bagger Dave’s Burger Tavern, Inc. (OTCMarkets: BDVB)
Bagger Dave’s Burger Tavern, Inc. is a fast‑casual restaurant concept currently operating five locations, four in Michigan, one in Indiana, and one in Ohio.
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