The companydisclosedin a filing with the Securities and Exchange Commission (SEC) that it expects to be delisted from the Nasdaq, with trading of its common stock to be suspended by the opening bell on Monday, September 23. There is some good news in all this: Despite BurgerFi's ...
“Adjusted EBITDA,” a non-GAAP measure, is defined as net loss before goodwill impairment, lease termination recovery, employee retention credits, share-based compensation expense, depreciation and amortization expense, interest expense (which includes accretion on the value of preferred stock and inte...
Liquidity On June 30, 2021, the Company had $34.8 million in cash, compared to $37.2 million on December 31, 2020. BurgerFi repaid and then terminated its $3.0 million revolving credit line in February 2021. 2021 Outlook BurgerFi remains optimistic regarding its short-term and long-term prospe...
The total price was comprised of $33.6 million in common stock, $53 million in new junior non-convertible preferred equity, and the assumption of existing debt. Upon close, BurgerFi will take on $74.7 million in debt from Anthony’s, and L Catteron, which holds majority investments in Uncle...