BurgerFi Receives Nasdaq Deficiency Notices
BurgerFi Receives Nasdaq Deficiency Notices
FORT LAUDERDALE, Fla., Aug. 30, 2024 (GLOBE NEWSWIRE) -- 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.
美国佛罗里达州劳德代尔堡，2024年8月30日，BurgerFi International, Inc. (NASDAQ: BFI, BFIIW) ("BurgerFi"或"公司")拥有高品质休闲餐厅品牌Anthony's Coal Fired Pizza & Wings ("安东尼")和BurgerFi品牌下的全国领先的快速休闲"更好的汉堡"餐饮概念之一，收到纳斯达克证券交易所股份有限公司(Nasdaq)关于公司未能及时提交截至2024年7月1日的季度报告(Form 10-Q)以及董事会成员辞职引发的委员会构成的不足通知。
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.
2024年8月27日，纳斯达克向公司正式通知，由于公司未能及时提交其Q2 Form 10-Q，公司不符合纳斯达克上市规则5250(c)(1)中规定的及时提交标准的持续上市要求。同样在2024年8月27日，纳斯达克向公司正式通知，由于公司董事会某些成员的辞职，公司不符合纳斯达克的审计委员会和薪酬委员会要求，这些要求由纳斯达克上市规则5605规定。
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.
公司需要在60个日历天内向纳斯达克提交一份恢复逾期的Q2 Form 10-Q的计划，如果纳斯达克接受，公司需要在2025年2月18日之前实施该计划以恢复合规。公司还需要在45个日历天内向纳斯达克提交一份关于其审计委员会和薪酬委员会组成恢复合规的计划，如果纳斯达克接受，公司需要在2025年2月24日之前提供合规证据。公司将评估在合规期间恢复合规的可用选项，包括提交此类计划。然而，不能保证公司将提交计划，纳斯达克将接受计划，或者公司将在合规期间恢复合规或保持满足其他纳斯达克上市要求。
About BurgerFi International (Nasdaq: BFI, BFIIW)
关于BurgerFi International（纳斯达克：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.
burgerfi international是一家领先的多品牌餐厅公司，开发、营销和收购世界各地的快餐和高级休闲餐厅概念，包括自营店和特许经营店。burgerfi international是以下两个品牌的所有者和特许经营商，共有162家门店。
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.
Anthony's。Anthony's是一家高级比萨和鸡翅品牌，截至2024年4月1日拥有60家餐厅（59家自营休闲餐厅和一家双品牌特许经营店）。以提供新鲜、从不冷冻和优质食材而闻名，Anthony's围绕着一台900度的煤炭烘烤炉，菜单包括"烤得完美"比萨、煤炭烤鸡翅、自制肉丸、各种手工制作的三明治和沙拉。Anthony's被《今日美国》的美国最佳传媒咬一口评选为"美国最佳比萨连锁店"，2021年被Mashed评选为"前三家最佳大型比萨连锁店"，2022年被Mashed评选为"美国最佳鸡翅"，并被《新闻周刊》列为"2022年美国最喜爱的餐厅连锁店"。
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 . BurgerFi is a Registered Trademark of BurgerFi IP, LLC, a wholly-owned subsidiary of BurgerFi.
BurgerFi。BurgerFi是美国快餐市场中一家快餐式更好的汉堡概念，截至2024年4月1日拥有102家BurgerFi餐厅（75家特许经营店和27家自营店）。BurgerFi由厨师创立，致力于在所有门店、在线以及通过第一方和第三方配送提供新鲜、全天然和优质食品。BurgerFi使用100%美国安格斯牛肉，无类固醇、抗生素、生长激素、化学物质或添加剂。BurgerFi的菜单还包括高品质的和牛混合汉堡、全天然鸡肉产品、手工切片配菜和冷冻卡仕达奶昔。BurgerFi在备受赞誉的SOBE Wine and Food Festival 2023版本中被评为"最棒的汉堡"，在《今日美国》2023年10Best读者选择奖中凭借其BBQ Rodeo Burger被评为"最佳快餐汉堡"，在《今日美国》2023年10Best读者选择奖中第三年连续被评为"最佳快餐餐厅"，2020年被QSR Magazine评为"突破品牌"，2021年被Fast Casual评为"年度品牌第一"。2021年，消费者报告连续第三年将BurgerFi评为"A级安格斯牛肉"。要了解更多关于BurgerFi的信息或查找完整的门店列表，请访问网站。BurgerFi是BurgerFi IP, LLC的注册商标，是BurgerFi的全资子公司。
Forward-Looking Statements
前瞻性声明
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.
本新闻稿可能包含根据1995年私人证券诉讼改革法修正案所定义的“前瞻性声明”，包括关于公司对以下任何或所有事项的预期：(i)公司向纳斯达克提出合规计划的意图和计划并恢复合规性，(ii)工作人员的预期行动以及公司的回应及其预期结果。前瞻性声明一般可通过诸如“预计”，“相信”，“估计”，“期望”，“打算”，“计划”，“预测”，“项目”，“将会”，“将继续”，“可能导致”的词语和类似表达方式来识别。这些前瞻性声明基于当前的预期和假设，可能受到风险和不确定性的影响，这可能导致我们的实际结果与前瞻性声明中反映的结果存在实质性差异。可能导致或有助于此类差异的因素包括，但不限于，我们能否提交并被纳斯达克证券市场有限责任公司接受合规计划，我们能否恢复合规性并遵守纳斯达克上市规则5250(c)(1)和纳斯达克上市规则5605，并维持我们在纳斯达克证券市场有限责任公司的上市，以及在2024年4月10日提交给美国证券交易委员会的公司年度报告10-k，在2024年5月16日提交给美国证券交易委员会的公司季度报告10-Q，以及公司向美国证券交易委员会提交的任何其他文件中描述的那些风险和不确定性，这些文件可在www.sec.gov上获得。除非法律要求，否则我们不承担修订或公开发布这些前瞻性声明的任何修订结果的责任。鉴于这些风险和不确定性，读者应当谨慎对待这些前瞻性声明，不要过度依赖这些前瞻性声明。
Investor Relations:
ICR
投资者关系:
ICR
Michelle Michalski
IR-BFI@icrinc.com
646-277-1224
Michelle Michalski
IR-BFI@icrinc.com
646-277-1224
Company Contact:
BurgerFi International Inc.
IR@burgerfi.com
公司联系人：
BurgerFi International Inc.
Media Relations Contact:
Ink Link Marketing
Kim Miller
Kmiller@inklinkmarketing.com
媒体联系人：
Ink Link Marketing
Kim Miller
Kmiller@inklinkmarketing.com
