--- title: "BT Brands Stock Slides 35% After Hours: Why Is It Moving?" type: "News" locale: "en" url: "https://longbridge.com/en/news/285674438.md" description: "BT Brands Inc (BTBD) saw its stock plummet over 34% to around $1.15 in after-hours trading following the termination of its merger agreement with Aero Velocity Inc. The merger was called off due to the failure to meet the SEC's registration deadline. BT Brands asserts it does not owe any termination fees, while Aero Velocity disputes the validity of the termination. Currently, BT Brands has a market cap of approximately $10.8 million, with shares previously closing at $1.76 before the drop." datetime: "2026-05-08T06:04:00.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285674438.md) - [en](https://longbridge.com/en/news/285674438.md) - [zh-HK](https://longbridge.com/zh-HK/news/285674438.md) --- # BT Brands Stock Slides 35% After Hours: Why Is It Moving? **BT Brands Inc ( BTBD )** (NASDAQ: BTBD) fell more than 34% to around $1.15 in after-hours trading on Thursday after the company disclosed the termination of its planned merger agreement with Aero Velocity Inc. BT Brands ( BTBD ) operates restaurant businesses, including the Burger Time chain, which serves burgers and other fast-food offerings across parts of the Midwest. ## Merger Termination The company said it terminated its Agreement and Plan of Merger with Aero Velocity, a provider of drone and aerial support services, on May 1 after the transaction failed to close before the contractual deadline. According to the filing, the related registration statement had not been declared effective by the Securities and Exchange Commission before the April 30 extended deadline, leading BT Brands ( BTBD ) to exercise its termination rights under the agreement. BT Brands ( BTBD ) added that it does not believe any termination fee or material penalty is payable in connection with ending the agreement **Read Also: Forward Air Stock Sinks 45% After Hours: What's Going On?** ## Dispute Update The company also disclosed that Aero Velocity's counsel sent a letter on May 4 asserting that the termination was invalid and that BT Brands ( BTBD ) lacked the right to terminate the merger agreement. BT Brands ( BTBD ) said it disagrees with Aero Velocity's claims regarding the merger termination. ## Trading Metrics BT Brands ( BTBD ) currently has a market capitalization of roughly $10.8 million. The stock has traded between $1.00 and $5.59 over the past 52 weeks. **Price Action:** Shares closed Thursday's regular trading session at $1.76 before falling to approximately $1.15 in after-hours trading. **Benzinga's Edge Stock Rankings** indicate that BTBD stock has a positive price trend across short-, medium- and long-term time frames.
**Disclaimer:** This content was produced with the help of AI tools and was reviewed and published by Benzinga editors. **Read Also: Fluor, Trade Desk And 3 Stocks To Watch Heading Into Friday** _Photo: Who is Danny/Shutterstock_ ### Related Stocks - [BTBD.US](https://longbridge.com/en/quote/BTBD.US.md) - [FWRD.US](https://longbridge.com/en/quote/FWRD.US.md) - [FLR.US](https://longbridge.com/en/quote/FLR.US.md) - [TTD.US](https://longbridge.com/en/quote/TTD.US.md) - [BTBDW.US](https://longbridge.com/en/quote/BTBDW.US.md) ## Related News & Research - [BT Brands Terminates Merger Agreement with Aero Velocity and Reaffirms Commitment to Maximizing Shareholder Value | BTBD Stock News](https://longbridge.com/en/news/285615318.md) - [Jack Henry Named Among 2026 Best Places to Work in Financial Technology | JKHY Stock News](https://longbridge.com/en/news/286927380.md) - [What happens if you only invest in index funds for 30 years?](https://longbridge.com/en/news/286940398.md) - [Is Affirm stock an undervalued stock to buy?](https://longbridge.com/en/news/286826167.md) - [A Look At PagSeguro Digital (PAGS) Valuation After Q1 Earnings Growth And Ongoing Capital Returns](https://longbridge.com/en/news/286914236.md)