CHANTICLEER HOLDINGS, INC. (NASDAQ:HOTR) Files An 8-K Other Events
Item 8.01 Other Events
As previously reported, Chanticleer Holdings, Inc., a Delaware
corporation (we or us) received a delisting determination from
Nasdaq on February 14, 2017. We appealed the determination to a
hearings panel, which panel extended the deadline for us to
regain compliance with Listing Rule 5550(a)(2) to June 16, 2017.
During this period, we effected a one-for-ten reverse stock split
of our common stock, implementing our plan to regain compliance.
On June 12, 2017, we received notification from Nasdaq that we
regained compliance with the minimum bid price rule and we are in
compliance with other applicable requirements required for
listing on The Nasdaq Stock Market. Accordingly, our securities
will continue to be listed on The Nasdaq Stock Market, and the
hearings panel is closing the matter related to the February 14,
2017 delisting determination.
About CHANTICLEER HOLDINGS, INC. (NASDAQ:HOTR)
Chanticleer Holdings, Inc. is engaged in the business of owning, operating and franchising fast casual dining concepts domestically and internationally. The Company’s brands include Hooters, American Burger Company (ABC), BGR: the Burger Joint (BGR), BT’s Burger Joint (BT), Little Big Burger (LBB) and Just Fresh. Hooters restaurants are casual beach-themed establishments featuring music, sports on large flat screens, and a menu that includes seafood, burgers, salads and Hooters original chicken wings. ABC is a fast casual dining chain located in North Carolina, South Carolina and New York. BGR consists of approximately 10 Company-owned locations in the United States and over 13 franchisee-operated locations in the United States and the Middle East. LBB consists of approximately eight locations in Oregon. Just Fresh consists of approximately seven Company owned locations in Charlotte, North Carolina.
