OPES ACQUISITION CORP.

OPES Acquisition Corp. Announces Approval of Proposed Business Combination with BurgerFi International

Retrieved on: 
Tuesday, December 15, 2020
Restaurants, BurgerFi, Special-purpose acquisition company, Limited liability company, Companies

MIAMI, Dec. 15, 2020 (GLOBE NEWSWIRE) -- OPES Acquisition Corp. (Nasdaq: OPES, OPESW) (OPES or the Company) announced today that OPESs stockholders voted to approve the proposed business combination with BurgerFi International, LLC (BurgerFi) and certain other related proposals, pursuant to which OPES will acquire BurgerFi for approximately $100 million in total consideration.

Key Points: 
  • MIAMI, Dec. 15, 2020 (GLOBE NEWSWIRE) -- OPES Acquisition Corp. (Nasdaq: OPES, OPESW) (OPES or the Company) announced today that OPESs stockholders voted to approve the proposed business combination with BurgerFi International, LLC (BurgerFi) and certain other related proposals, pursuant to which OPES will acquire BurgerFi for approximately $100 million in total consideration.
  • We are very pleased to receive such strong support from our stockholders and look forward to completing our business combination with BurgerFi, said Ophir Sternberg, Chairman & CEO of OPES.
  • OPES Acquisition Corp. (NASDAQ: OPES, OPESW) is a special purpose acquisition company headquartered in Miami and organized for the purpose of effecting a merger, asset acquisition, stock purchase or other similar business combination with one or more businesses or entities.
  • Other factors include the possibility that the proposed Business Combination does not close, including due to the failure of one or more closing conditions.

Opes Acquisition Corp. Announces Special Stockholders Meeting to Approve Business Combination With BurgerFi on December 15, 2020

Retrieved on: 
Tuesday, December 1, 2020
Restaurants, Shareholders, BurgerFi, Proxy statement, Proxy

MIAMI, Dec. 01, 2020 (GLOBE NEWSWIRE) -- OPES Acquisition Corp. (Nasdaq: OPES) (OPES or the Company) is announcing that it has set December 15, 2020, as the date of its special meeting of stockholders (the Special Meeting) to approve the previously announced business combination (the Business Combination) with BurgerFi International, LLC.

Key Points: 
  • MIAMI, Dec. 01, 2020 (GLOBE NEWSWIRE) -- OPES Acquisition Corp. (Nasdaq: OPES) (OPES or the Company) is announcing that it has set December 15, 2020, as the date of its special meeting of stockholders (the Special Meeting) to approve the previously announced business combination (the Business Combination) with BurgerFi International, LLC.
  • On June 29, 2020, OPES Acquisition Corp. (OPES) and BurgerFi International, LLC (BurgerFi) entered into a Membership Purchase Agreement, as subsequently amended, pursuant to which OPES shall acquire 100% of the membership interests of BurgerFi (the Business Combination).
  • In connection with the Business Combination, on December 1, 2020, OPES filed with the SEC the definitive proxy statement on Schedule 14A (the Definitive Proxy Statement) relating to the Business Combination.
  • OPES will mail the Definitive Proxy Statement and a proxy card to each stockholder entitled to vote at the special meeting relating to the Business Combination.

OPES Acquisition Corp.’s Business Combination Target, BurgerFi, Reports Preliminary Third Quarter 2020 Financial Results

Retrieved on: 
Tuesday, November 10, 2020
Restaurants, SEC filings, Corporate finance, Private equity, Special-purpose acquisition company, Proxy statement, BurgerFi, Financial economics, Corporations

Julio Ramirez, newly appointed BurgerFi CEO, stated: Strategic and focused development and organic growth are key to expanding successfully.

Key Points: 
  • Julio Ramirez, newly appointed BurgerFi CEO, stated: Strategic and focused development and organic growth are key to expanding successfully.
  • Commenting on BurgerFis performance, President Charlie Guzzetta said: BurgerFi has continued to dominate the better for you segment with outstanding quality.
  • OPES Acquisition Corp. (Nasdaq: OPES, OPESW) is a special purpose acquisition company headquartered in Miami and organized for the purpose of effecting a merger, asset acquisition, stock purchase or other similar business combination with one or more businesses or entities.
  • In connection with the Business Combination, on September 25, 2020, OPES filed with the SEC, the initial preliminary proxy statement on Schedule 14A, and on October 27, 2020 and November 6, 2020, OPES filed revised preliminary proxy statements on Schedule 14A, which included, among other proposals, the proposal to approve the Business Combination, and OPES continues to file other relevant materials with the SEC.

BurgerFi Names Burger-Industry Veteran Julio Ramirez as CEO

Retrieved on: 
Friday, October 16, 2020
Restaurants, BurgerFi, Facebook, Inc.

PALM BEACH, Fla., Oct. 16, 2020 (GLOBE NEWSWIRE) -- OPES Acquisition Corp.s (NASDAQ: OPES) business combination target, BurgerFi International , has named Julio Ramirez, Chief Executive Officer.

Key Points: 
  • PALM BEACH, Fla., Oct. 16, 2020 (GLOBE NEWSWIRE) -- OPES Acquisition Corp.s (NASDAQ: OPES) business combination target, BurgerFi International , has named Julio Ramirez, Chief Executive Officer.
  • Established in 2011, BurgerFi is among the nation's fastest-growing better burger concepts with approximately 125 BurgerFi restaurants domestically and internationally.
  • To learn more about BurgerFi or to find a full list of locations, please visit www.burgerfi.com , 'Like' BurgerFi on Facebook or follow @BurgerFi on Instagram and Twitter.
  • BurgerFi is a Registered Trademark of BurgerFi IP, LLC, a wholly-owned subsidiary of BurgerFi.

OPES Acquisition Corp.’s Business Combination Target, BurgerFi, Brings the Heat With the New Spicy Fi’ed Chicken Sandwich

Retrieved on: 
Tuesday, October 13, 2020
Restaurants, Fast-food restaurants, American cuisine, BurgerFi, Chicken sandwich, Spicy chicken sandwich, Wendy's

PALM BEACH, Fla., Oct. 13, 2020 (GLOBE NEWSWIRE) -- OPES Acquisition Corp.s (NASDAQ: OPES) business combination target, BurgerFi International , is bringing the heat to its menu with the new Spicy Fied Chicken Sandwich, available at all corporate-owned locations as of late September.

Key Points: 
  • PALM BEACH, Fla., Oct. 13, 2020 (GLOBE NEWSWIRE) -- OPES Acquisition Corp.s (NASDAQ: OPES) business combination target, BurgerFi International , is bringing the heat to its menu with the new Spicy Fied Chicken Sandwich, available at all corporate-owned locations as of late September.
  • We may be known for our burgers, but we believe our new Spicy Fied Chicken Sandwich can go head-to-head with even the most popular spicy chicken sandwiches out there," said Paul Griffin, BurgerFis Chief Culinary Officer.
  • The Spicy Fied Chicken Sandwich is made with cage-free chicken that is American Humane Certified, sourced from family-owned Springer Mountain Farms and raised with no hormones and no antibiotics, ever.
  • This Spicy Fied Chicken Sandwich will be available in-store, online and through the BurgerFi app, as well as through third party delivery, at participating locations.

OPES Acquisition Corp.’s Target BurgerFi Inks 30+ LOIs for New Locations

Retrieved on: 
Thursday, September 3, 2020
Corporate finance, Restaurants, BurgerFi, Finance, Economy, Special-purpose acquisition company, Mergers and acquisitions, Facebook, Inc.

I'm very excited to grow my group of restaurants during this new phase of development for the entire BurgerFi family.

Key Points: 
  • I'm very excited to grow my group of restaurants during this new phase of development for the entire BurgerFi family.
  • OPES Acquisition Corp. (NASDAQ: OPES, OPESW) is a special purpose acquisition company headquartered in Miami and organized for the purpose of effecting a merger, asset acquisition, stock purchase or other similar business combination with one or more businesses or entities.
  • Established in 2011, BurgerFi is among the nations fastest-growing better burger concepts with approximately 125 BurgerFi restaurants domestically and internationally.
  • To learn more about BurgerFi or to find a full list of locations, please visit www.burgerfi.com , Like BurgerFi on Facebook or follow @BurgerFi on Instagram and Twitter.

OPES Acquisition Corp. Reschedules Annual Meeting of Stockholders to 10:00 A.M. ET on Friday, August 7th

Retrieved on: 
Tuesday, August 4, 2020
Corporate finance, Private equity, Special-purpose acquisition company, Proxy, Financial economics, Corporations, Economy

NORTH PALM BEACH, Fla., Aug. 04, 2020 (GLOBE NEWSWIRE) -- OPES Acquisition Corp. (NASDAQ: OPES, OPESW) (the Company) is announcing that, due to technical issues on the teleconference today, it has rescheduled its Annual Meeting of the Stockholders (the Annual Meeting) to Friday, August 7th at 10:00 a.m. Eastern time.

Key Points: 
  • NORTH PALM BEACH, Fla., Aug. 04, 2020 (GLOBE NEWSWIRE) -- OPES Acquisition Corp. (NASDAQ: OPES, OPESW) (the Company) is announcing that, due to technical issues on the teleconference today, it has rescheduled its Annual Meeting of the Stockholders (the Annual Meeting) to Friday, August 7th at 10:00 a.m. Eastern time.
  • OPES Acquisition Corp. (NASDAQ: OPES, OPESW) is a special purpose acquisition company headquartered in Miami and organized for the purpose of effecting a merger, asset acquisition, stock purchase or other similar business combination with one or more businesses or entities.
  • Updated information will be provided in the proxy statement to be filed in connection with the Business Combination.
  • OPES will mail a proxy statement to stockholders relating to the Business Combination.

OPES Acquisition Corp.’s Merger Target Proves America Is Hungrier Than Ever As BurgerFi Generates Significant Growth In Delivery Dining

Retrieved on: 
Monday, July 13, 2020
Restaurants, BurgerFi, Take-out, Omnichannel

The apps delivery is fueled by Olo, whose on-demand delivery network has enabled BurgerFi to lower delivery fees for its customers and have greater control over transit time and delivery providers.

Key Points: 
  • The apps delivery is fueled by Olo, whose on-demand delivery network has enabled BurgerFi to lower delivery fees for its customers and have greater control over transit time and delivery providers.
  • By utilizing the integrated network of third-party delivery vendors, BurgerFi has allowed third-party delivery apps that do not feature BurgerFi to be included in the pool to bid for their business.
  • BurgerFi has continuously looked for ways to enhance the customer experience, said Charlie Guzzetta, President of BurgerFi.
  • BurgerFi is favorably positioned to capitalize on omni-channels by optimizing its takeout and delivery platforms for superior performance and profitability.

OPES Acquisition Corp. Announces Definitive Agreement to Combine with BurgerFi

Retrieved on: 
Tuesday, June 30, 2020
Restaurants, BurgerFi, Names, Loeb, Special-purpose acquisition company

NEW YORK and PALM BEACH, Fla., June 30, 2020 (GLOBE NEWSWIRE) -- Miami-headquartered OPES Acquisition Corp. (NASDAQ: OPES, OPESW) (OPES or the Company), a special purpose acquisition company, and BurgerFi International, LLC (BurgerFi) jointly announced today that they have entered into a definitive agreement at a $100 million purchase price to combine and form BurgerFi International, Inc.

Key Points: 
  • NEW YORK and PALM BEACH, Fla., June 30, 2020 (GLOBE NEWSWIRE) -- Miami-headquartered OPES Acquisition Corp. (NASDAQ: OPES, OPESW) (OPES or the Company), a special purpose acquisition company, and BurgerFi International, LLC (BurgerFi) jointly announced today that they have entered into a definitive agreement at a $100 million purchase price to combine and form BurgerFi International, Inc.
  • EarlyBirdCapital Inc. is acting as financial advisor to OPES and Loeb & Loeb LLP is acting as legal counsel to OPES.
  • Established in 2011, BurgerFi is among the nations fastest-growing better burger concepts with approximately 125 BurgerFi restaurants domestically and internationally.
  • To learn more about BurgerFi or to find a full list of locations, please visit www.burgerfi.com , Like BurgerFi on Facebook or follow @BurgerFi on Instagram and Twitter.

Opes Acquisition Corp.’s Target BurgerFi Boosts its National Expansion

Retrieved on: 
Monday, June 15, 2020
Software, Operating systems, Computing, Photo sharing, Social media, Fast casual restaurants, BurgerFi, Instagram, Facebook

The VC-backed neighborhood kitchen is the first of up to 15 planned kitchens for BurgerFi across the country.

Key Points: 
  • The VC-backed neighborhood kitchen is the first of up to 15 planned kitchens for BurgerFi across the country.
  • OPES and BurgerFi are on track to execute the definitive agreement by the end of the month with a closing expected in the third quarter of 2020.
  • Established in 2011, BurgerFi is among the nations fastest-growing better burger concepts with nearly 125 BurgerFi restaurants domestically and internationally.
  • To learn more about BurgerFi or to find a full list of locations, please visit www.burgerfi.com , Like BurgerFi on Facebook or follow @BurgerFi on Instagram and Twitter.