Business
BT Brands Terminates Merger Agreement with Aero Velocity and Reaffirms Commitment to Maximizing Shareholder Value
MINNETONKA, Minn., May 07, 2026--BT Brands, Inc. (Nasdaq: BTBD and BTBDW) ("BT Brands" or the "Company") today announced that it has filed a Current Report on Form 8-K regarding the termination of the previously announced Agreement and Plan of Merger with Aero Velocity Inc. ("Aero").
About this update from Bt Brands, Inc.
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":1024,"height":512,"url":"https://media.zenfs.com/en/business-wire.com/4768b169947dcc55c0c8fcbee2aa1967"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/DVtd7SKmP2255JyYIsQOhQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTQ4MA--/https://media.zenfs.com/en/business-wire.com/4768b169947dcc55c0c8fcbee2aa1967","width":960,"height":480},"lightbox":{"url":"https://s.yimg.com/ny/api/res/1.2/lbTCzDRA1uhMPt_iqGPrlw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTIwNDg7aD0xMDI0/https://media.zenfs.com/en/business-wire.com/4768b169947dcc55c0c8fcbee2aa1967","width":1024,"height":512}},"lazy":false},{"type":"text","content":"MINNETONKA, Minn., May 07, 2026--(BUSINESS WIRE)--BT Brands, Inc. (Nasdaq: BTBD and BTBDW) ("BT Brands" or the "Company") today announced that it has filed a Current Report on Form 8-K regarding the termination of the previously announced Agreement and Plan of Merger with Aero Velocity Inc. ("Aero").","length":331,"tagName":"p"},{"type":"text","content":"The merger agreement was terminated upon expiration of the contractual term set forth in the Merger Agreement, as the registration statement relating to the proposed transaction was required to be declared effective by the U.S. Securities and Exchange Commission ("SEC") by April 30, 2026. The termination was effected in accordance with the terms of the merger agreement.","length":382,"tagName":"p"},{"type":"text","content":"BT Brands determined that terminating the merger agreement was in the best interests of the Company and its shareholders. Following the termination, the Company has no agreement or arrangement with Aero Velocity and is no longer pursuing the previously proposed transaction.","length":274,"tagName":"p"},{"type":"text","content":"Gary Copperud, Chief Executive Officer of BT Brands, said: "After careful evaluation, the Board and management concluded that terminating the merger agreement was in the best interests of BT Brands shareholders. While we appreciated the opportunity to explore a potential transaction with Aero Velocity, our priority remains maximizing long-term shareholder value. "","length":376,"tagName":"p"},{"type":"text","content":"BT Brands intends to continue evaluating opportunities to e...