Burgerfi International, INC 8-K filings

BurgerFi International, currently operating under Chapter 11 bankruptcy, filed its monthly operating report for January 2025 with the U.S. Bankruptcy Court.

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.

BurgerFi International has filed for Chapter 11 bankruptcy protection to restructure its business, while securing debtor-in-possession financing to maintain operations.

BurgerFi International is facing potential delisting from Nasdaq due to non-compliance with listing rules related to board composition and a late quarterly filing.

BurgerFi International has appointed a new director and a Chief Restructuring Officer, while three directors have resigned, as part of its ongoing restructuring.

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.

BurgerFi International has reached a settlement agreement with Lion Point Capital, resolving a lawsuit over registration rights and agreeing to pay $1.35 million and issue preferred stock.

BurgerFi International has transferred its listing to the Nasdaq Capital Market and received a second extension to regain compliance with the minimum $1.00 bid price requirement.

BurgerFi International successfully held its 2024 Annual Meeting of Stockholders, electing two Class B directors and ratifying KPMG LLP as its independent auditor.

BurgerFi International is exploring strategic alternatives and has secured a forbearance agreement with its lender, while also experiencing leadership changes and entering into retention agreements with key executives.

BurgerFi International experienced a revenue decline in the first quarter of 2024, with same-store sales decreases at both BurgerFi and Anthony's brands, but showed some sequential improvement through the quarter.

BurgerFi International will release its first quarter 2024 financial results and host a conference call on May 15, 2024.

BurgerFi International's outstanding debt, totaling over $53 million, has been transferred from multiple lenders to TREW Capital Management.

BurgerFi International reported a decrease in revenue and systemwide sales for both the fourth quarter and fiscal year 2023, alongside a breach of their credit agreement, but also showed improvements in net loss and some operational efficiencies.

BurgerFi International will release its fourth quarter and fiscal year 2023 financial results on April 1, 2024, followed by a conference call to discuss the findings.

BurgerFi International has regained compliance with Nasdaq's independent director requirements after addressing a deficiency related to a board resignation.

BurgerFi International has received a notice from Nasdaq for failing to maintain the minimum $1.00 per share bid price, putting its listing at risk.