<div id="readability-page-1">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. <h2>Merger Termination</h2> 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? <h2>Dispute Update</h2> 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. <h2>Trading Metrics </h2> 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. &lt;figure class=&#34;wp-block-image size-full is-resized&#34;&gt;<img src="https://imageproxy.pbkrs.com/https://editorial-assets.benzinga.com/wp-content/uploads/2026/05/08013925/Screenshot-2026-05-08-at-10.52.50%E2%80%AFAM.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://editorial-assets.benzinga.com/wp-content/uploads/2026/05/08013925/Screenshot-2026-05-08-at-10.52.50%E2%80%AFAM.png"/>&lt;/figure&gt; 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</div>

BTBD

BT Brands Inc (BTBD) 的股票在盘后交易中暴跌超过 34%，降至约 1.15 美元，此次下跌是由于与 Aero Velocity Inc 的合并协议被终止。合并被取消的原因是未能满足美国证券交易委员会（SEC）的注册截止日期。BT Brands 声称其不欠任何终止费用，而 Aero Velocity 对终止的有效性提出异议。目前，BT Brands 的市值约为 1080 万美元，之前的收盘价为 1.76 美元

BT Brands 股价在盘后交易中下跌 35%：是什么原因导致的？