Noble Romans INC

Market Movers (8-K)

OQB
Noble Romans, Inc. has entered into a new $6.9 million senior secured term loan to refinance existing debt and eliminate equity-linked warrants.
OQB
Noble Romans, Inc. announced the engagement of Stephano Slack, LLC as its new independent auditor for its 2025 consolidated financial statements and quarterly reviews.
OQB
Noble Romans, Inc. announced the resignation of Director Marcel Herbst and the appointment of Jeffrey D. Roberts, while its 2025 Annual Meeting of Shareholders was adjourned due to a lack of quorum.
Worse than expected
Delay expected
OQB
Noble Romans, Inc. has announced the resignation of its principal accountant, Sassetti LLC, effective June 18, 2025, while confirming no disagreements but noting previously identified material weaknesses in its financial reporting.
Worse than expected
OQB
Noble Romans, Inc. amends its loan agreement with Corbel Capital Partners, extending the maturity date of its senior secured promissory note and modifying warrant terms.
Worse than expected
Capital raise
OQB
Noble Romans, Inc. has amended its loan agreement with Corbel Capital Partners to extend the maturity date of its Senior Secured Promissory Note to April 14, 2025, while pursuing refinancing options.

Quarterly Earnings (10-Q)

OQB
Noble Roman's reports a 3.9% increase in total revenue for Q1 2026, driven by franchising, despite a slight dip in non-traditional restaurant sales.
Capital raise
OQB
Noble Romans, Inc. announced significant revenue and net income growth for Q3 and the first nine months of 2025, driven by same-store sales and franchise expansion, while actively pursuing debt refinancing.
Better than expected
Capital raise
OQB
Noble Romans, Inc. reported significant increases in revenue, operating income, and net income for Q2 2025, driven by growth in company-owned restaurants and franchising, alongside effective cost management.
Capital raise
Better than expected
OQB
Noble Romans, Inc. reported a net income of $130,633 for the first quarter of 2025, a significant improvement from a loss in the prior year, driven by increased revenue from company-owned restaurants and accelerated non-traditional franchise growth, despite ongoing refinancing needs and internal control remediation.
Delay expected
Better than expected
Capital raise
OQB
Noble Romans Inc. saw a slight increase in revenue from company-owned restaurants but a decrease in overall profitability for the third quarter of 2024, while continuing to expand its non-traditional franchise locations.
Worse than expected
Delay expected
Capital raise
OQB
Noble Romans, Inc. reports a net loss for the first half of 2024, impacted by reduced restaurant revenue and increased operating expenses, while pursuing refinancing to reduce debt.
Worse than expected
Capital raise

Annual Reports (10-K)

OQB
Noble Romans, Inc. reported a net loss of $3,174 for the fiscal year ended December 31, 2024, a significant decline from the $1.46 million net income in 2023, despite strong growth in its non-traditional franchising segment.
Delay expected
Worse than expected
Capital raise
OQB
Noble Romans, Inc. has filed an amendment to its annual report on Form 10-K for the fiscal year ended December 31, 2023, including certifications from its CEO and CFO.
OQB
Noble Romans Inc. released its 2023 annual report, which includes a restatement of prior financial statements due to identified accounting errors and highlights a shift towards non-traditional franchise growth.
Better than expected

Insider Trading (Form 4)

OQB
Director Douglas Harold Coape-Arnold reports a transaction involving Noble Romans Inc. options.
OQB
A director of Noble Romans Inc., Marcel Herbst, sold 60,000 shares of common stock at a weighted average price of $0.338.
OQB
Director Marcel Herbst reports acquiring options for 50,000 common shares of Noble Romans Inc. at an exercise price of $0.38.
OQB
Director Marcel Herbst updates his beneficial ownership in Noble Romans Inc. due to a change in discretionary trading authority, reducing his reported holdings from 130,000 to 70,000 shares.

Proxy Statements (Def-14A)

OQB
Noble Romans, Inc. has announced its 2026 annual shareholder meeting, scheduled for September 15, 2026, to elect directors and ratify auditors.
OQB
Noble Romans, Inc. filed definitive additional materials to correct an inadvertently included proxy form for its upcoming annual shareholder meeting.
OQB
Noble Romans, Inc. announced its 2025 annual shareholder meeting to elect a Class II director and address other business, with Paul W. Mobley nominated for re-election.
Worse than expected
OQB
Noble Romans addresses mischaracterizations by BT Brands and encourages shareholder participation in the upcoming annual meeting.
Worse than expected
OQB
Noble Romans, Inc. will hold its annual shareholder meeting on August 27, 2024, to elect directors and ratify the selection of its independent accounting firm.
Delay expected

Schedule 13G - Passive Investments

OQB
Corbel Capital Partners SBIC, L.P. and related entities report zero beneficial ownership of Noble Romans Inc. common stock.
OQB
Corbel Capital Partners and its affiliates have filed an amended Schedule 13G, disclosing beneficial ownership of 9.9% of Noble Romans Inc.'s common stock through warrants, subject to a 9.9999% blocker.
OQB
Corbel Capital Partners and its affiliates have disclosed a 9.9% beneficial ownership stake in Noble Romans Inc. through warrants, subject to a 9.9999% blocker.
OQB
Corbel Capital Partners and its affiliates have disclosed a beneficial ownership of 9.9999% in Noble Romans Inc. common stock, primarily through warrants, subject to a 9.9999% ownership blocker.