BT Brands jumps on merger announcement with Aero Velocity

BT Brands

03/09/2025 15:11

** Shares of restaurant operator BT Brands BTBD.O soar 125.7% to $4 in early trade

** BTBD announces merger agreement with drone services provider Aero Velocity

** BTBD says Aero Velocity to own 89% of combined company, which will focus on advanced drone technologies for its customer base of government and commercial clients

** Says deal calls for equity investment in combined company of $3 million to $5 million by Aero Velocity shareholders

** Deal expected to close in Q4 2025 or Q1 of 2026

** Including session gains, BTBD up 170.1% YTD

(Reporting by Anshuman Tripathy)

((Anshuman.Tripathy@thomsonreuters.com))