UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 2.01. Completion of Acquisition or Deposition of Assets.
Completion of acquisition of assets of Keegan’s Seafood Grille, Inc.
On March 2, 2022, BT Brands, Inc. (“we,” “us” or the “Company”) announced that it had completed the acquisition of substantially all of the assets of Keegan’s Seafood Grille, Inc., a dine-in restaurant offering a variety of traditional fresh seafood items for lunch and dinner and a selection of beer and wine, that has served customers in the Clearwater and St. Petersburg, Florida markets for over 35 years.
We are filing this Current Report on Form 8-K/A to furnish audited financial statements of Keegan’s Seafood Grille, Inc. for the year ended December 31, 2021. Because of the effects of COVID-19 restrictions during 2021, including a closing of indoor dining during a portion of the period covered, and the receipt of one-time Payroll Protection Loans which were converted to grants, we do not believe the historic financial statements included are indicative of either the historic or the future performance of the acquired business."
Item 9.01. Financial Statements and Exhibits.
| (a) | Financial Statements of Business Acquired. |
The following audited financial statements of Keegan’s Seafood Grille, Inc. are filed with this Report as Exhibit 99.1:
| · | Independent Public Accounting Firm’s Report as of the year ended December 31, 2021. |
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| · | Balance Sheet as of December 31, 2021. |
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| · | Statement of Income and Retained Earnings for the year ended December 31, 2021. |
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| · | Statement of Cash Flows for the year ended December 31, 2021. |
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| · | Notes to Financial Statements. |
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Exhibit No. |
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| Financial Statements of Keegan’s Seafood Grille, Inc. for the year ended December 31, 2021. | |
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| Cover Page Interactive Data File (embedded within the Inline XBRL Document) |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| BT BRANDS, INC. |
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Dated: July 27, 2022 | By: | /s/ Gary Copperud |
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| Gary Copperud |
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| Chief Executive Officer |
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