Chanticleer Holdings Extends Rights Offering to 4:00 PM Eastern Time on Friday, June 28, 2019
June 25 2019 - 8:45AM
Chanticleer Holdings, Inc. (NASDAQ:BURG) (“Chanticleer” or the
“Company”), owner, operator, and franchisor of multiple nationally
recognized restaurant brands today announced that it the Company
has extended the expiration time of its Rights Offering to 4:00 PM
Eastern Time on June 28, 2019 to provide additional time to
accommodate shareholder orders and delays in processing.
Chairman and CEO of Chanticleer Holdings, Mike Pruitt, stated,
“We are very pleased with the support from our existing
shareholders and we’d like to thank the many investors who’ve
participated and supported our Company. We’ve heard from a number
of shareholders and selected dealers that, despite their interest
in participating, they require a few extra days to facilitate their
orders. Given the interest in the offering and requests for
additional time over the last few trading days, we have chosen to
extend it through June 28, 2019 to allow additional time to
complete the processing of subscriptions from shareholders of
record.”
The Company has engaged Chardan Capital Markets and Oak Ridge
Financial as the dealer-managers for the rights offering.
The rights offering is being made pursuant to Chanticleer’s
effective registration statement on Form S-1 (Reg. No. 333-230857)
on file with the U.S. Securities and Exchange Commission (the
“SEC”). This press release is not an offer to sell these securities
and is not soliciting an offer to buy these securities. The
offering can be made only by a final prospectus. Investors should
consider investment objectives, risks, charges, and expenses
carefully before investing. The prospectus included in the
registration statement contains this and additional information
about Chanticleer and the rights offering, and rights holders
should carefully read the prospectus before exercising their rights
and investing.
About Chanticleer Holdings, Inc.
Headquartered in Charlotte, NC, Chanticleer Holdings owns,
operates, and franchises fast, casual, and full-service restaurant
brands, including American Burger Company, BGR – Burgers Grilled
Right, Little Big Burger, Just Fresh, and Hooters. For more
information, please visit: www.chanticleerholdings.com.
Forward-Looking Statements:
Some portions of this press release, particularly those
describing Chanticleer's goals and strategies, contain
'forward-looking statements.' These forward-looking statements can
generally be identified as such because the context of the
statement will include words, such as 'expects,' 'should,'
'believes,' 'anticipates' or words of similar import. Similarly,
statements that describe future plans, objectives or goals are also
forward-looking statements. While Chanticleer is working to achieve
those goals and strategies, actual results could differ materially
from those projected in the forward-looking statements as a result
of a number of risks and uncertainties. These risks and
uncertainties include conditions and servicing of current debt
obligations, maintaining and protecting brand recognition, the need
for significant capital, increasing costs of fuel and freight,
protection of intellectual property, competition and other factors,
any of which could have an adverse effect on the business plans of
Chanticleer, its reputation in the industry or its expected
financial return from operations and results of operations. In
light of significant risks and uncertainties inherent in
forward-looking statements included herein, the inclusion of such
statements should not be regarded as a representation by
Chanticleer that they will achieve such forward-looking statements.
For further details and a discussion of these and other risks and
uncertainties, please see our most recent reports on Form 10-K,
Form 10-Q and Form S-1, as filed with the Securities and Exchange
Commission, as they may be amended from time to time. Chanticleer
undertakes no obligation to publicly update any forward-looking
statement, whether as a result of new information, future events,
or otherwise.
Contact Information:
Investor Relations Jason Assad 678-570-6791
Ja@chanticleerholdings.com
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