BurgerFi

Financing

BurgerFi regains Nasdaq compliance, reports sales decline

BurgerFi regains Nasdaq compliance, reports sales decline. The better-burger chain saw same-store sales fall 5% during its fourth quarter and a 15% drop for fiscal 2020.

Financing

Newly public chain BurgerFi gets a non-compliance alert from Nasdaq

BurgerFi said its delay in filing its 10-K form is due to new reporting requirements for SPACs and that it will get its paperwork in on time.

Michael Rabinovitch starts work at the newly public fast casual on April 1.

Calling her the “original influencer,” the fast-casual burger chain said Stewart will collaborate directly with its chef in her role as chair of the Product & Innovation Committee.

The newly public, better-burger chain, which released preliminary Q4 results Wednesday, said it plans to add 30-35 new locations this year.

The better-burger concept becomes a publicly traded company, with cash for expansion.

Julio Ramirez will lead the better-burger brand, which was recently acquired by Opes Acquisition Corp.

The chain’s president, Charlie Guzzetta, joins the RB podcast “A Deeper Dive” to talk about the coronavirus and its merger with Opes Acquisition.

The reverse merger will help fuel the fast-casual burger chain’s growth, which will take it to more nontraditional locations, including ghost kitchens.

The fast-growing burger chain has a non-binding letter of intent to merge with the blank-check company.

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