Liquidation: BurgerFi International, Inc.

Form Type: SCHEDULE 13D/A

Filing Date: 2025-03-19

Corporate Action: Liquidation

Type: Update

Accession Number: 000121390025025147

Filing Summary: This Amendment No. 4 amends the Schedule 13D previously filed by the Reporting Persons regarding BurgerFi International, Inc. As of March 17, 2025, the Reporting Persons hold no shares of Common Stock. This amendment pertains to the effectiveness of a plan of liquidation, as the Issuer and 114 subsidiaries filed for Chapter 11 bankruptcy on September 11, 2024. The Confirmation Order was entered on March 12, 2025, confirming the Second Amended Combined Disclosure Statement and Joint Chapter 11 Plan of Liquidation. The effective date of the Plan occurred on March 17, 2025, resulting in the cancellation of all existing equity interests without consideration. The Reporting Persons were no longer beneficial owners of more than five percent of the Common Stock following the cancellation and extinguishing of their shares under the terms of the Plan.

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Form Type: 8-K

Filing Date: 2025-03-18

Corporate Action: Bankruptcy

Type: Update

Accession Number: 000110465925024589

Filing Summary: On March 12, 2025, the United States Bankruptcy Court for the District Court of Delaware confirmed BurgerFi International, Inc.'s Second Amended Combined Disclosure Statement and Joint Chapter 11 Plan of Liquidation, allowing the company and its 114 subsidiaries to proceed with their bankruptcy plan. This plan resulted in the cancellation and extinguishment of all existing equity interests of the company without consideration, effective March 17, 2025. Notifications regarding the effective date and related documents have been filed with the court. The company has been operating under Chapter 11 since September 11, 2024, as debtors in possession, with a jointly administered case under the caption In re BurgerFi International, Inc., Case No. 24-12017 (CTG).

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Form Type: 8-K

Filing Date: 2025-02-25

Corporate Action: Bankruptcy

Type: Update

Accession Number: 000110465925016659

Filing Summary: On February 21, 2025, BurgerFi International, Inc. filed its monthly operating report for January 2025 with the Bankruptcy Court following its voluntary chapter 11 filing on September 11, 2024. The Company and its subsidiaries have been operating under bankruptcy protection and are seeking a plan of reorganization. Investors are cautioned that the existing equity securities of the Company will be cancelled upon confirmation of the plan, and they will not receive any value for these securities. The report emphasizes the risks surrounding the restructuring process and advises caution for current and future investments in the Company's securities.

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Form Type: 8-K

Filing Date: 2025-02-10

Corporate Action: Bankruptcy

Type: Update

Accession Number: 000110465925010948

Filing Summary: BurgerFi International, Inc. and 114 of its subsidiaries have filed for voluntary relief under chapter 11 of the Bankruptcy Code on September 11, 2024. They are operating as debtors in possession, and their cases are being jointly administered. A First Amended Combined Disclosure Statement and Joint Chapter 11 Plan of Liquidation was filed on January 27, 2025, which outlines the satisfaction of all allowed claims, cancellation of existing equity interests, and issuance of new equity interests to a specified firm. The Bankruptcy Court has approved the disclosures and set procedures for vote solicitation, with existing equity interests deemed to reject the Plan and thus ineligible to vote. The filing also includes the Company’s monthly operating report for December 2024 and addresses trading caution for existing securities. The completion of the Plan is poised to extinguish existing equity securities without any recovery for holders.

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