BurgerFi Regains Full Compliance with Nasdaq Listing Standards
BurgerFi International Inc. (Nasdaq: BFI, BFIIW) has regained compliance with Nasdaq's continued listing requirements following the filing of its Annual Report on Form 10-K for the year ended December 31, 2020. This compliance allows BurgerFi's common stock and warrants to continue trading on Nasdaq. CEO Julio Ramirez expressed satisfaction with the compliance, emphasizing the company's focus on executing its growth strategy in 2021. BurgerFi is recognized as one of the fastest-growing premium fast-casual concepts with a commitment to serving high-quality food.
- Regained compliance with Nasdaq continued listing requirements.
- Recognition as a top better burger chain by USA Today's 10Best Readers’ Choice for 2021.
- Continued trading of common stock and warrants under symbols BFI and BFIIW.
- None.
PALM BEACH, Fla., April 29, 2021 (GLOBE NEWSWIRE) -- BurgerFi International Inc. (Nasdaq: BFI, BFIIW), one of the nation’s fastest-growing premium fast-casual concepts, QSR’s 2020 Breakout Brand of the Year and the top better burger chain in USA Today’s 10Best Readers’ Choice for 2021, has regained compliance with The Nasdaq Stock Market’s (“Nasdaq”) applicable continued listing requirements.
In a letter dated April 29, 2021, Nasdaq indicated that BurgerFi has regained compliance with its applicable continued listing requirements as a result of the filing of the Company’s Annual Report on Form 10-K for the year ended December 31, 2020. As such, BurgerFi’s common stock and warrants will continue to be listed and trading on Nasdaq under the symbols “BFI” and “BFIIW,” respectively, and Nasdaq considers the matter closed.
“We are pleased to have regained compliance with Nasdaq listing requirements,” said Julio Ramirez, CEO of BurgerFi. “With this behind us, we look forward to continue executing our growth strategy in 2021 and providing customers with a better burger experience that is consistently recognized as best-in-class.”
About BurgerFi International (Nasdaq: BFI, BFIIW)
Established in 2011, BurgerFi is among the nation's fastest-growing better burger concepts with approximately 119 BurgerFi restaurants domestically and internationally. The concept is chef-founded and is committed to serving fresh food of transparent quality. BurgerFi uses
BurgerFi® is a Registered Trademark of BurgerFi IP, LLC, a wholly-owned subsidiary of BurgerFi.
Forward-Looking Statements
This press release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Statements containing words such as "believe," "estimate," "project," "expect," "intend," "may," "anticipate," "plans," "seeks," "implies," or similar expressions are intended to identify such forward-looking statements. It is important to note that BurgerFi's actual results could differ materially from those in such forward-looking statements, and undue reliance should not be placed on such statements. Statements about the effects of the COVID-19 pandemic on our business, operations, financial performance and prospects may constitute forward-looking statements and are subject to the risk that the actual impacts may differ, possibly materially, from what is reflected in those forward-looking statements due to factors and future developments that are uncertain, unpredictable and in many cases beyond our control, including the scope and duration of the pandemic, actions taken by governmental authorities in response to the pandemic, and the direct and indirect impact of the pandemic. Among the important factors that could cause such actual results to differ materially are (i) the impact of any economic recessions in the U.S. and other parts of the world, (ii) fluctuations in the global economy, (iii) BurgerFi's ability of maintaining its margins, (iv) changes in applicable accounting principles or interpretations of such principles, (v) delays in BurgerFi's ability to develop new products and services and market acceptance of new products and services, (vi) rapid technological change, (vii) BurgerFi's ability to attract and retain key management personnel, (viii) the existence of substantial competition, and (ix) other risk factors listed from time to time in BurgerFi's Exchange Act reports and other filings with the Securities and Exchange Commission. All forward-looking statements included in this press release are made as of the date hereof, and BurgerFi undertakes no obligation to update any such forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.
Investor Relations Contact:
Gateway Investor Relations
Cody Slach or Cody Cree
(949) 574-3860
BFI@GatewayIR.com
Company Contact:
BurgerFi International Inc.
Ashley Spitz, IR@burgerfi.com
Media Relations Contact:
Quinn PR
Laura Neroulias, LNeroulias@quinn.pr
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