<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) 的股票在盤後交易中暴跌超過 34%，降至約 1.15 美元，此次下跌是由於與 Aero Velocity Inc 的合併協議被終止。合併被取消的原因是未能滿足美國證券交易委員會（SEC）的註冊截止日期。BT Brands 聲稱其不欠任何終止費用，而 Aero Velocity 對終止的有效性提出異議。目前，BT Brands 的市值約為 1080 萬美元，之前的收盤價為 1.76 美元

BT Brands 股價在盤後交易中下跌 35%：是什麼原因導致的？