<p>明尼阿波利斯，明尼蘇達州 --（商業資訊）--BT Brands, Inc.（納斯達克：BTBD 和 BTBDW）（“BT Brands” 或 “公司”）今天宣佈已提交了一份關於與 Aero Velocity Inc.（“Aero”）終止之前宣佈的合併協議和計劃的當前報告（Form 8-K）。</p>
<p>合併協議在合併協議中規定的合同期限到期時被終止，因為與擬議交易相關的註冊聲明必須在 2026 年 4 月 30 日之前獲得美國證券交易委員會（“SEC”）的有效聲明。終止是根據合併協議的條款進行的。</p>
<p>BT Brands 決定終止合併協議符合公司及其股東的最佳利益。終止後，公司與 Aero Velocity 沒有任何協議或安排，並且不再追求之前提出的交易。</p>
<p>BT Brands 首席執行官 Gary Copperud 表示：<strong>“經過仔細評估，董事會和管理層得出結論，終止合併協議符合 BT Brands 股東的最佳利益。雖然我們感謝有機會與 Aero Velocity 探索潛在交易，但我們的首要任務仍然是最大化長期股東價值。”</strong></p>
<p>BT Brands 打算繼續評估增強股東價值的機會，同時專注於改善餐廳盈利能力、增強現金流和保持資產負債表的靈活性。</p>
<p>有關合並協議終止的更多信息包含在公司於 2026 年 5 月 7 日向 SEC 提交的當前報告（Form 8-K）中。</p>
<p><strong>前瞻性聲明</strong></p>
<p>本新聞稿包含根據 1933 年證券法第 27A 條和 1934 年證券交易法第 21E 條的定義的 “前瞻性聲明”，包括關於公司計劃、目標、戰略選擇、未來運營表現和增強股東價值的努力的聲明。</p>
<p>前瞻性聲明基於管理層當前的預期和假設。它們受到風險和不確定性的影響，這可能導致實際結果與所表達或暗示的結果有重大差異，包括與市場條件、運營表現、資本配置決策、戰略舉措以及 BT Brands 在 www.sec.gov 上可獲得的 SEC 文件中描述的風險相關的風險。</p>
<p>這些聲明僅在本日期有效，公司不承擔除法律要求外的更新義務。</p>
<p><img src="https://imageproxy.pbkrs.com/https://cts.businesswire.com/ct/CT/query-ZGlzdHJvPW54JmlkPWJ3bmV3cyZsYW5nPWVuJnNpZD1hY3FyOCZzdHk9MjAyNjA1MDcwMDAyMDJyMQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://cts.businesswire.com/ct/CT/query-ZGlzdHJvPW54JmlkPWJ3bmV3cyZsYW5nPWVuJnNpZD1hY3FyOCZzdHk9MjAyNjA1MDcwMDAyMDJyMQ"/></p>
<p>查看商業資訊上的源版本：https://www.businesswire.com/news/home/20260507000202/en/</p>
<p><strong>如需更多信息，請聯繫：</strong></p>
<p>Kenneth Brimmer</p>
<p>612-229-8811</p>
<p>來源：BT Brands</p>

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<p>BT Brands, Inc. 已經終止與 Aero Velocity Inc. 的合併協議，原因是合同期限已到。此決定是為了公司及其股東的最佳利益，因為註冊聲明未能在規定日期前獲得 SEC 的有效聲明。首席執行官 Gary Copperud 強調了公司致力於最大化長期股東價值和改善餐廳盈利能力的承諾。BT Brands 將繼續探索提升股東價值的機會</p>

<p>MINNETONKA, Minn.--(BUSINESS WIRE)--BT Brands, Inc. (Nasdaq: BTBD and BTBDW) (“BT Brands” or the “Company”) today announced that it has filed a Current Report on Form 8-K regarding the termination of the previously announced Agreement and Plan of Merger with Aero Velocity Inc. (“Aero”).</p>
<div class="lb-trans"><p>明尼阿波利斯，明尼蘇達州 --（商業資訊）--BT Brands, Inc.（納斯達克：BTBD 和 BTBDW）（“BT Brands” 或 “公司”）今天宣佈已提交了一份關於與 Aero Velocity Inc.（“Aero”）終止之前宣佈的合併協議和計劃的當前報告（Form 8-K）。</p>
</div><p>The merger agreement was terminated upon expiration of the contractual term set forth in the Merger Agreement, as the registration statement relating to the proposed transaction was required to be declared effective by the U.S. Securities and Exchange Commission (“SEC”) by April 30, 2026. The termination was effected in accordance with the terms of the merger agreement.</p>
<div class="lb-trans"><p>合併協議在合併協議中規定的合同期限到期時被終止，因為與擬議交易相關的註冊聲明必須在 2026 年 4 月 30 日之前獲得美國證券交易委員會（“SEC”）的有效聲明。終止是根據合併協議的條款進行的。</p>
</div><p>BT Brands determined that terminating the merger agreement was in the best interests of the Company and its shareholders. Following the termination, the Company has no agreement or arrangement with Aero Velocity and is no longer pursuing the previously proposed transaction.</p>
<div class="lb-trans"><p>BT Brands 決定終止合併協議符合公司及其股東的最佳利益。終止後，公司與 Aero Velocity 沒有任何協議或安排，並且不再追求之前提出的交易。</p>
</div><p>Gary Copperud, Chief Executive Officer of BT Brands, said <strong>:</strong>“After careful evaluation, the Board and management concluded that terminating the merger agreement was in the best interests of BT Brands shareholders. While we appreciated the opportunity to explore a potential transaction with Aero Velocity, our priority remains maximizing long-term shareholder value. “</p>
<div class="lb-trans"><p>BT Brands 首席執行官 Gary Copperud 表示：<strong>“經過仔細評估，董事會和管理層得出結論，終止合併協議符合 BT Brands 股東的最佳利益。雖然我們感謝有機會與 Aero Velocity 探索潛在交易，但我們的首要任務仍然是最大化長期股東價值。”</strong></p>
</div><p>BT Brands intends to continue evaluating opportunities to enhance shareholder value while remaining focused on improving restaurant profitability, strengthening cash flow, and maintaining balance sheet flexibility.</p>
<div class="lb-trans"><p>BT Brands 打算繼續評估增強股東價值的機會，同時專注於改善餐廳盈利能力、增強現金流和保持資產負債表的靈活性。</p>
</div><p>Additional information regarding the termination of the merger agreement is contained in the Company’s Current Report on Form 8-K filed with the SEC on May 7, 2026.</p>
<div class="lb-trans"><p>有關合並協議終止的更多信息包含在公司於 2026 年 5 月 7 日向 SEC 提交的當前報告（Form 8-K）中。</p>
</div><p><strong>Forward-Looking Statements</strong></p>
<div class="lb-trans"><p><strong>前瞻性聲明</strong></p>
</div><p>This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including statements regarding the Company’s plans, objectives, strategic alternatives, future operating performance, and efforts to enhance shareholder value.</p>
<div class="lb-trans"><p>本新聞稿包含根據 1933 年證券法第 27A 條和 1934 年證券交易法第 21E 條的定義的 “前瞻性聲明”，包括關於公司計劃、目標、戰略選擇、未來運營表現和增強股東價值的努力的聲明。</p>
</div><p>Forward-looking statements are based on management’s current expectations and assumptions. They are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied, including risks related to market conditions, operating performance, capital allocation decisions, strategic initiatives, and the risks described in BT Brands’ SEC filings available at www.sec.gov.</p>
<div class="lb-trans"><p>前瞻性聲明基於管理層當前的預期和假設。它們受到風險和不確定性的影響，這可能導致實際結果與所表達或暗示的結果有重大差異，包括與市場條件、運營表現、資本配置決策、戰略舉措以及 BT Brands 在 www.sec.gov 上可獲得的 SEC 文件中描述的風險相關的風險。</p>
</div><p>These statements speak only as of the date hereof, and the Company disclaims any obligation to update them except as required by law.</p>
<div class="lb-trans"><p>這些聲明僅在本日期有效，公司不承擔除法律要求外的更新義務。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://cts.businesswire.com/ct/CT/query-ZGlzdHJvPW54JmlkPWJ3bmV3cyZsYW5nPWVuJnNpZD1hY3FyOCZzdHk9MjAyNjA1MDcwMDAyMDJyMQ" alt="" original-src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260507000202r1&amp;sid=acqr8&amp;distro=nx&amp;lang=en"/></p>
<p>View source version on businesswire.com: https://www.businesswire.com/news/home/20260507000202/en/</p>
<div class="lb-trans"><p>查看商業資訊上的源版本：https://www.businesswire.com/news/home/20260507000202/en/</p>
</div><p><strong>CONTACT FOR FURTHER INFORMATION:</strong></p>
<div class="lb-trans"><p><strong>如需更多信息，請聯繫：</strong></p>
</div><p>Kenneth Brimmer</p>
<div class="lb-trans"><p>Kenneth Brimmer</p>
</div><p>612-229-8811</p>
<div class="lb-trans"><p>612-229-8811</p>
</div><p>Source: BT Brands</p>
<div class="lb-trans"><p>來源：BT Brands</p>
</div>

BT Brands 終止與 Aero Velocity 的合併協議，並重申其致力於最大化股東價值 | BTBD 股票新聞