Chanticleer Holdings Reminds Investors that They Must Purchase Shares Today, Wednesday June 5, 2019, to Participate in Upcomi...
05 Junho 2019 - 11:47AM
Chanticleer Holdings, Inc. (NASDAQ:
BURG)
(“Chanticleer” or the “Company”), owner, operator, and franchisor
of multiple nationally recognized restaurant brands, today reminded
investors who do not currently own common stock of Chanticleer and
who wish to participate in the rights offering that they may
purchase shares in the market so long as those purchases settle
prior to the record date. The standard settlement cycle in the
United States is currently the trade date plus two business days.
Investors wishing to participate in Chanticleer’s offering and
purchasing shares of common stock in order to do so are encouraged
to contact their broker-dealer to ensure the settlement of
transactions prior to June 7, 2019, the record date.
Under the proposed rights offering, Chanticleer will distribute
to its shareholders of record and certain warrant holders, at no
charge, three non-transferable subscription rights for each share
of common stock held or deemed to be held on the record date. Each
right will entitle the holder to purchase one share of
Chanticleer’s common stock at a later to be determined subscription
price.
The offering is subject to market and other conditions, and
there can be no assurance as to whether or when the offering may be
completed, or as to the actual size or terms of the completed
offering. Details of the rights offering are set out in the
S-1 registration statement filed with the SEC, which is available
on the SEC’s web site at http://www.sec.gov. A registration
statement relating to these securities has been filed with the SEC
but has not yet become effective. The securities may not be sold
nor may offers to buy be accepted prior to the time the
registration statement becomes effective. The rights will be issued
to all shareholders and holders of certain warrants as of a record
date. This press release shall not constitute an offer to sell or
the solicitation of an offer to buy nor shall there be any sale of
these securities in any state in which such offer, solicitation or
sale would be unlawful prior to the registration or qualification
under the securities laws of any such state.
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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