Chanticleer Holdings Announces Record Date for Spin-Off of Restaurant Operations
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 16, 2020 (GLOBE NEWSWIRE) -- Chanticleer Holdings, Inc. (NASDAQ:BURG) (“Chanticleer” or the “Company”), owner, operator, and franchisor of multiple nationally recognized restaurant brands, today announced the record date for the spin-off of its restaurant business, in connection with the proposed merger with Sonnet BioTherapeutics, Inc. The record date has now been established as March 26, 2020. The share distribution date is expected to be on March 30, 2020. All shareholders of record at the close of business on March 26, 2020 shall be eligible to receive shares of the spin-off on a pro-rata basis. The spin-off ratio is yet to be determined. Additional Information about the Proposed Merger and Where to Find It In connection with the proposed merger between Sonnet and Chanticleer Holdings, Inc. (“Chanticleer”), Chanticleer has filed relevant materials with the Securities and Exchange Commission, or the SEC, including a registration statement on Form S-4 tha
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