• BT Brands terminated its merger agreement with Aero Velocity when the deal’s contractual term expired.
• Termination followed failure to meet an April 30, 2026 deadline for effectiveness of registration statement tied to proposed transaction.
• Company no longer has any agreement or arrangement with Aero Velocity, ending pursuit of deal.
• Focus shifts to other options to enhance shareholder value, with emphasis on restaurant profitability, cash flow, balance sheet flexibility.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. BT Brands Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001477932-26-002841), on May 07, 2026, and is solely responsible for the information contained therein.