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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 Check Earnings Report
US:NASDAQ Investor Relations: chanticleerholdings.com/investor-relations
Company Research 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 Show less Read more
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