Burgerfi International, INC
Market Movers (8-K)
BurgerFi International, currently operating under Chapter 11 bankruptcy, filed its monthly operating report for January 2025 with the U.S. Bankruptcy Court.
Worse than expected
BurgerFi International has finalized the sale of its BurgerFi and Anthony's Coal Fired Pizza assets to TREW Capital Management as part of its Chapter 11 bankruptcy proceedings.
Worse than expected
BurgerFi International has filed for Chapter 11 bankruptcy protection to restructure its business, while securing debtor-in-possession financing to maintain operations.
Worse than expected
Capital raise
BurgerFi International is facing potential delisting from Nasdaq due to non-compliance with listing rules related to board composition and a late quarterly filing.
Worse than expected
Delay expected
BurgerFi International has appointed a new director and a Chief Restructuring Officer, while three directors have resigned, as part of its ongoing restructuring.
Worse than expected
BurgerFi International has obtained a $2.5 million protective advance from its senior lender to avoid immediate bankruptcy, requiring the company to secure a sale agreement within a tight timeframe.
Worse than expected
Quarterly Earnings (10-Q)
BurgerFi International's Q1 2024 results reveal a revenue decrease and ongoing concerns about the company's ability to meet its debt obligations.
Worse than expected
Annual Reports (10-K)
BurgerFi International's 10-K filing reveals a year of strategic shifts, financial headwinds, and a focus on long-term growth through franchising and brand acquisitions.
Capital raise
Worse than expected