BT Brands, Inc. BTBD

What does a burger company has anything to do with drones ?

a wholly-owned subsidiary of BT Brands will merge with and into Aero Velocity, with Aero Velocity continuing as a wholly-owned subsidiary of BT Brands and the surviving company of the merger. The transaction calls for an equity investment in the combined company of not less than $3 million and up to $5 million by Aero Velocity shareholders.

Upon the closing of the proposed transactions, Aero Velocity’s stockholders are expected to own approximately 89% of the combined company, and existing BT Brands stockholders are expected to own approximately 11% of the combined company, each on a fully diluted economic basis (excluding BT Brands’ public warrants and the equity investment by Aero Velocity shareholders). The foregoing percentages are subject to adjustment based on BT Brands’ net cash at the closing, among other adjustments, in each case as described in the merger agreement.

Upon the closing of the proposed transactions, the combined company is expected to be renamed "Aero Velocity Inc." and trade on the Nasdaq Capital Market. Mr. Hastings will serve as CEO of the combined company.

#bbai let it be drone company

Turn out the lights, the parties over !

10:40)ilsthetilme

10:40)ilsthetilme