Chanticleer Holdings Announces 1:1 Distribution Ratio for Spin-Off and Provides Corporate Update
CHANTICLEER HOLDINGS INC (BURG)
Last chanticleer holdings inc earnings: 11/14 04:00 pm
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US:NASDAQ Investor Relations:
chanticleerholdings.com/investor-relations
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Source: GlobeNewswire
CHARLOTTE, N.C., March 24, 2020 (GLOBE NEWSWIRE) -- Chanticleer Holdings, Inc. (Nasdaq: BURG) (the “Company” or “Chanticleer”), owner, operator and franchisor of multiple nationally-recognized restaurant brands, today announced the 1:1 distribution ratio for its upcoming spin-off and provided a corporate update disclosing: Sonnet Merger Continues towards ClosingRestaurant Business to Spin Off as Independent “Amergent Hospitality Group”Amergent Hospitality Group Hitting the Ground Running Spin-Off Ratio All stockholders of record as of the close of business on March 26, 2020 that hold shares in Chanticleer are eligible for one share of the spin-off entity, Amergent Hospitality Group, Inc. (“Amergent”), for each share of Chanticleer owned at that time. Amergent is a newly formed entity owned by Chanticleer stockholders independent of Sonnet. Sonnet Merger Continues towards Closing The Company previously announced its entry into the definitive Agreement and Plan of Merge
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