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BurgerFi International ( (BFI) ) just unveiled an update.
BurgerFi International, Inc. and its affiliates have filed for Chapter 11 bankruptcy to restructure their debts and secure debtor-in-possession financing to keep operations running smoothly across all locations. Despite recent turnaround efforts, the company faces delisting from Nasdaq due to non-compliance with listing rules. Amidst these challenges, the company continues to operate and serve customers, while a board member’s resignation occurs without disputes over company practices. Information on the restructuring process is available online for stakeholders, reflecting the company’s commitment to navigate through financial difficulties.
See more insights into BFI stock on TipRanks’ Stock Analysis page.
