CHANTICLEER HOLDINGS, INC. (NASDAQ:HOTR) Files An 8-K Other Events
Item 8.01 Other Events
On May 15, 2019, Chanticleer Holdings, Inc., a Delaware corporation, entered into amendments to certain warrants issued May 8, 2018 to holders, Larry Steven Spitcaufsky TTEE Larry S Spitcaufsky Family Trust U/A DTD 08/23/1995 (the “Trust”) and Larry Steven Spitcaufsky Charles Schwab & Co Inc Cust Roth Contributory IRA (the “IRA”), increasing each holder’s beneficial ownership limitation from 4.99% to 19.99%. The Trust and the IRA (with its affiliates and any other persons acting as a group together with the holder or its affiliates) may acquire up to 30,000 shares of common stock and 40,000 shares of common stock, respectively, at $4.50 per share, exercisable commencing on November 8, 2018. The beneficial ownership limitation is calculated based on the number of shares of common stock outstanding immediately after giving effect to the issuance of shares issuable upon exercise of the warrant.
The foregoing descriptions of the amendments in Item 8.01 do not purport to be complete and are qualified in their entirety by reference to the full text of such amendments, which are filed as Exhibits 4.1 and 4.2 hereto and incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits
|4.1||Amendment to Warrant dated May 15, 2019 by and between Chanticleer Holdings, Inc. and Larry Steven Spitcaufsky TTEE Larry S Spitcaufsky Family Trust U/A DTD 08/23/1995|
|4.2||Amendment to Warrant dated May 15, 2019 by and between Chanticleer Holdings, Inc. and Larry Steven Spitcaufsky Charles Schwab & Co Inc Cust Roth Contributory IRA|
Chanticleer Holdings, Inc. Exhibit
EX-4.1 2 ex4-1.htm AMENDMENT TO WARRANT This Amendment to Warrant (the “Amendment”) is entered into and effective as of May 15,…
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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.