BurgerFi Receives Nasdaq Deficiency Notices
31 8월 2024 - 5:30AM
BurgerFi International, Inc. (NASDAQ: BFI, BFIIW)
(“BurgerFi” or the “Company”), owner of the high-quality, casual
dining pizza brand Anthony’s Coal Fired Pizza & Wings
(“Anthony’s”) and one of the nation’s leading fast-casual “better
burger” dining concepts through the BurgerFi brand, has received
deficiency notices from Nasdaq Stock Market LLC (“Nasdaq”) related
to the Company’s failure to timely file its Quarterly Report on
Form 10-Q for the quarter ended July 1, 2024 (“
Q2 Form
10-Q”) and the composition of Board committees arising
from the resignation of directors.
On August 27, 2024, Nasdaq provided formal
notice to the Company that as a result of the Company’s failure to
timely file its Q2 Form 10-Q, the Company does not comply with the
continued listing requirements under the timely filing criteria
outlined in Nasdaq Listing Rule 5250(c)(1). Also on August 27,
2024, Nasdaq provided formal notice to the Company that as a result
of the resignations of certain members of the Company’s Board of
Directors, the Company does not comply with Nasdaq’s audit
committee and compensation committee requirements set forth in
Nasdaq Listing Rule 5605.
The Company is required to submit to Nasdaq
within 60 calendar days a plan to regain compliance with respect to
the delinquent Q2 Form 10-Q, and if accepted by Nasdaq, the Company
has until February 18, 2025 to implement the plan to regain
compliance. The Company is required to submit to Nasdaq within 45
calendar days a plan to regain compliance with respect to the
composition of its audit committee and compensation committee, and
if accepted by Nasdaq, the Company has until February 24, 2025 to
evidence compliance. The Company will evaluate available options to
regain compliance within the compliance periods, including
submission of such plans. However, there can be no assurance that
the Company will submit the plans, Nasdaq will accept the plans, or
the Company will regain compliance within the compliance periods or
maintain compliance with the other Nasdaq listing requirements.
About BurgerFi International (Nasdaq:
BFI, BFIIW)
BurgerFi International, Inc. is a leading
multi-brand restaurant company that develops, markets, and acquires
fast-casual and premium-casual dining restaurant concepts around
the world, including corporate-owned stores and franchises.
BurgerFi International, Inc. is the owner and franchisor of the two
following brands with a combined 162 locations.
Anthony’s. Anthony’s is a
premium pizza and wing brand with 60 restaurants (59
corporate-owned casual restaurant locations and one dual brand
franchise location), as of April 1, 2024. Known for serving fresh,
never frozen and quality ingredients, Anthony’s is centered around
a 900-degree coal-fired oven with menu offerings including
“well-done” pizza, coal-fired chicken wings, homemade meatballs,
and a variety of handcrafted sandwiches and salads. Anthony’s was
named “The Best Pizza Chain in America" by USA Today's Great
American Bites, “Top 3 Best Major Pizza Chain” by Mashed in 2021,
“The Absolute Best Wings in the U.S.” by Mashed in 2022, and named
in “America's Favorite Restaurant Chains of 2022” by Newsweek.
BurgerFi. BurgerFi is
among the nation’s fast-casual better burger concepts with 102
BurgerFi restaurants (75 franchised and 27 corporate-owned) as of
April 1, 2024. BurgerFi is chef-founded and committed to serving
fresh, all-natural and quality food at all locations, online and
via first-party and third-party deliveries. BurgerFi uses 100%
American Angus Beef with no steroids, antibiotics, growth hormones,
chemicals or additives. BurgerFi's menu also includes high-quality
Wagyu Beef Blend Burgers, All-Natural Chicken offerings, Hand-Cut
Sides, and Frozen Custard Shakes. BurgerFi was named "The Very Best
Burger" at the 2023 edition of the nationally acclaimed SOBE Wine
and Food Festival and “Best Fast Food Burger” in USA Today’s 10Best
2023 Readers’ Choice Awards for its BBQ Rodeo Burger, "Best Fast
Casual Restaurant" in USA Today's 10Best 2023 Readers' Choice
Awards for the third consecutive year, QSR Magazine's Breakout
Brand of 2020 and Fast Casual's 2021 #1 Brand of the Year. In 2021,
Consumer Reports awarded BurgerFi an “A Grade Angus Beef” rating
for the third consecutive year. To learn more about BurgerFi or to
find a full list of locations, please visit www.burgerfi.com.
BurgerFi® is a Registered Trademark of BurgerFi IP, LLC, a
wholly-owned subsidiary of BurgerFi.
Forward-Looking Statements
This press release may contain “forward-looking
statements” as defined in the Private Securities Litigation Reform
Act of 1995, as amended, including statements regarding the
Company’s expectation about any or all of the following: (i) the
intent and plan of the Company to submit a plan of compliance with
respect to, and regain compliance with, Nasdaq Listing Rule
5250(c)(1) and Nasdaq Listing Rule 5605, and (ii) the anticipated
actions by the Staff and the Company’s responses and their
anticipated outcomes. Forward-looking statements generally can be
identified by words such as “anticipates,” “believes,” “estimates,”
“expects,” “intends,” “plans,” “predicts,” “projects,” “will be,”
“will continue,” “will likely result,” and similar expressions.
These forward-looking statements are based on current expectations
and assumptions that are subject to risks and uncertainties, which
could cause our actual results to differ materially from those
reflected in the forward-looking statements. Factors that could
cause or contribute to such differences include, but are not
limited to, our ability to submit and have accepted plans of
compliance with The Nasdaq Stock Market LLC, our ability to regain
compliance with Nasdaq Listing Rule 5250(c)(1) and Nasdaq Listing
Rule 5605 and otherwise maintain our listing with The Nasdaq Stock
Market LLC along with those risks and uncertainties described under
the heading “Risk Factors” in the Company’s Annual Report on Form
10-K filed with the U.S. Securities and Exchange Commission on
April 10, 2024, the Company’s Quarterly Report on Form 10-Q filed
with the U.S. Securities and Exchange Commission on May 16, 2024,
and in any other filings made by the Company with the U.S.
Securities and Exchange Commission, which are available at
www.sec.gov. All subsequent written and oral forward-looking
statements attributable to BurgerFi or persons acting on BurgerFi’s
behalf are expressly qualified in their entirety by the cautionary
statements included in this press release. We undertake no
obligation to revise or publicly release the results of any
revision to these forward-looking statements, except as required by
law. Given these risks and uncertainties, readers are cautioned not
to place undue reliance on such forward-looking statements.
Investor
Relations:ICR
Michelle
MichalskiIR-BFI@icrinc.com646-277-1224
Company
Contact:BurgerFi International
Inc.IR@burgerfi.com
Media Relations Contact:Ink
Link MarketingKim MillerKmiller@inklinkmarketing.com
BurgerFi (NASDAQ:BFI)
과거 데이터 주식 차트
부터 11월(11) 2024 으로 12월(12) 2024
BurgerFi (NASDAQ:BFI)
과거 데이터 주식 차트
부터 12월(12) 2023 으로 12월(12) 2024