Welcome to our dedicated page for Bt Brands news (Ticker: BTBD), a resource for investors and traders seeking the latest updates and insights on Bt Brands stock.
BT Brands, Inc. reports developments tied to its restaurant operating business, which derives revenue from food and beverage sales at concepts including Burger Time, Keegan's Seafood Grille, Pie In The Sky Coffee and Bakery, and Schnitzel Haus. News for BTBD commonly centers on operating and financial results for its restaurant portfolio, material agreements, and capital-structure disclosures involving its common stock and warrants.
Company updates also cover shareholder voting matters, governance actions, registration-related activity, and public-company compliance topics that affect the issuer's reporting and corporate structure.
BT Brands (Nasdaq: BTBD, BTBDW) announced termination of its merger agreement with Aero Velocity, effective May 7, 2026, after the SEC did not declare the registration statement effective by the April 30, 2026 contractual deadline. The termination was completed per the merger agreement terms.
The company said it has no remaining agreement with Aero Velocity and will continue pursuing opportunities to maximize shareholder value while focusing on restaurant profitability, cash flow improvement, and balance sheet flexibility.
BT Brands (Nasdaq: BTBD) said its proposed merger partner Aero Velocity entered a strategic partnership with AC Future on April 14, 2026 to develop a Mobile Drone Launch Vehicle (MDLV) platform for U.S. military and public-sector use.
The MDLV is described as a self-contained, all-terrain launch, recovery, and command platform designed for contested, communications-degraded environments; the partners plan to pursue U.S. Department of War funding and evaluate commercial and public-safety use cases.
BT Brands (Nasdaq: BTBD) reported full-year 2025 results and progress on a proposed merger with Aero Velocity. Restaurant-level EBITDA rose 138% to $1.7 million, operating loss improved ~80% to $(364,585), and net loss narrowed to $(687,839) or $(0.11) per share. The company ended 2025 with about $4.4 million in cash and marketable securities and recorded a $216,248 inventory charge.
The proposed Aero Velocity merger would spin off restaurant assets to pre-merger shareholders and position the post-merger firm as an AI and drone inspection platform, subject to approvals and customary closing conditions.
BTBD (Nasdaq: BTBD) said its proposed merger partner Aero Velocity and AeroShield Alliance are establishing a Mississippi headquarters to scale public-sector infrastructure technology and workforce development.
The expansion targets AI-driven infrastructure analytics, drone-based data collection, partnerships with Holmes Community College, and proposed U.S. DOT grant-funded roadway and bridge inspections to support local workforce training.
BT Brands (Nasdaq: BTBD) announced a strategic collaboration between proposed merger partner Aero Velocity and HMT to scale drone and robotic inspections for above-ground storage tanks. Aero Velocity is named HMT’s preferred provider for inspection data capture, aiming to reduce downtime, raise data quality, and improve safety while jointly marketing services.
BT Brands (Nasdaq: BTBD) said its proposed merger partner Aero Velocity has formed a strategic alliance with SoftWash Systems to launch an integrated drone-washing solution aimed at improving safety, efficiency, and sustainability in exterior cleaning.
The collaboration pairs Aero Velocity UAV platforms with SoftWash’s low-pressure, biodegradable treatments and targets commercial buildings, solar arrays and large structures, with joint go-to-market efforts and an expected contribution to 2026 revenue growth.
BT Brands (Nasdaq: BTBD; BTBDW) said its 40.7%‑owned affiliate Bagger Dave’s completed the sale of its Chesterfield, Michigan location for approximately $400,000 in cash and notes. The Chesterfield restaurant closed in 2025 and the buyer is an affiliate of Michigan-based Sidecar Slider Bar, which operates eight Michigan locations and plans to open a Sidecar Slider Bar at the site.
In August 2025, Bagger Dave’s announced plans to sell its remaining locations and evaluate strategic alternatives. BT Brands’ CEO described the sale as an important step toward exiting the Bagger Dave’s restaurant business and creating value for shareholders.
BT Brands (Nasdaq: BTBD) reported record Q3 2025 net income of $914,975, or $0.15 per share, and $0.10 EPS for the nine-month period. Revenue was $3.9 million versus $4.3 million a year earlier, reflecting two fewer operating locations. Cash and short-term investments rose to $4.7 million, up $1.2 million from Q2 2025. Restaurant-level adjusted EBITDA grew 74% to $823,000.
BT Brands entered a definitive merger agreement with Aero Velocity to form Aero Systems and plans to spin off a new BT Group that will hold the restaurant business, cash, and investments; shareholders will receive shares in both entities. Management expects to remain profitable for the rest of fiscal 2025 but is not providing detailed guidance due to the pending transactions.
BT Brands (NASDAQ:BTBD) and Aero Velocity have announced a definitive merger agreement in an all-stock transaction. The merged entity will focus on developing advanced drone technologies and AI-powered solutions for government and commercial applications.
Aero Velocity operates through a Drones-as-a-Service (DaaS) model, specializing in aerial mapping, data collection, and UAV-based commercial services. The company serves multiple sectors including precision agriculture, environmental monitoring, forestry management, defense, security, and emergency response. Additionally, Aero Velocity is developing a contract drone manufacturing business to expand its technology portfolio.
BT Brands (NASDAQ:BTBD) reported a return to profitability in Q2 2025, posting net income of $55,000 ($0.01 per share) compared to a net loss of $70,000 in Q2 2024. The company, which operates 14 restaurants including a 40.7% stake in Bagger Dave's Burger Tavern, saw revenues decline to $3.8 million from $4.1 million year-over-year due to operating two fewer locations.
Restaurant-level adjusted EBITDA surged 51% to $661,000, while operating loss narrowed to $75,000 from $189,000 in Q2 2024. The company ended the quarter with $3.5 million in cash and short-term investments. Management is actively working with investment bankers to evaluate merger opportunities, targeting an accretive transaction by year-end 2025.