BT Brands, Inc.
BTBD/Aero Velocity, Inc.privateBT Brands to merge with Aero Velocity in reverse cap deal
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stock
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Announced
Apr 24, 2026
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No regulatory or closing-conditions data extracted yet. The merger agreement Exhibit 10.1 contains this in the “Conditions to Closing” and “Regulatory Approvals” articles.
No closing-condition data extracted.
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No advisor data on record for this deal.
- Apr 24, 2026this filing
BT Brands, Inc. (Pubco) entered into a Merger Agreement with Aero Velocity, Inc. on September 2, 2025, whereby Aero will merge with Pubco's subsidiary in a reverse capitalization transaction with Aero deemed the accounting acquiror. Aero Velocity shareholders will receive 10,110 shares of Pubco Series A-1 and Series A-2 Preferred Stock, and concurrently invest $3-5 million in Pubco Series B Preferred Stock. Post-closing, Pubco will execute a spin-off of its BT Group subsidiary to existing stockholders and pursue a Nasdaq listing under symbols AVEL and AVELW.