BurgerFi, Anthony's Coal Fired Pizza seek Chapter 11 bankruptcy protection [Yahoo! Finance]
BurgerFi International Inc (BFI)
Company Research
Source: Yahoo! Finance
On Tuesday, the company revealed it had "filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code in order to preserve the value of its brands for all stakeholders." "Despite the early positive indicators of the turnaround plan initiated less than a year ago, the legacy challenges facing the business necessitated today's filing," company CEO Carl Bachmann said Wednesday in news release BurgerFi, which also own Anthony's Coal Fired Pizza & Wings, reported assets of more than $50 million to $100 million and total debt anywhere from $100 million to $500, according to the bankruptcy filing There are 144 restaurants under the Florida-headquartered company umbrella, about half of which are franchises. However, the bankruptcy proceedings will only include its 67 corporate-owned locations under the two brands. "Franchisee-owned locations of BurgerFi and Anthony's Coal Fired Pizza & Wings are excluded from the bankruptcy proceedings," the company state
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BFI
News
- DJT stock falls another 10%. Could Trump Media's plunge finally spell the end for SPACs? [Yahoo! Finance]Yahoo! Finance
- BurgerFi and Anthony's Coal Fired Pizza closed restaurants: Full list and map of shuttered locations [Yahoo! Finance]Yahoo! Finance
- Anthony's Coal Fired Pizza in Cranberry to close as parent company delists from Nasdaq [Yahoo! Finance]Yahoo! Finance
- Here's where to get a free burger on National Cheeseburger Day [Yahoo! Finance]Yahoo! Finance
- Here's where to get a free burger on National Cheeseburger Day [Fortune]Fortune
BFI
Sec Filings
- 9/17/24 - Form 8-K
- 9/5/24 - Form 3
- 8/30/24 - Form 8-K
- BFI's page on the SEC website