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Press Releases

OPES Acquisition Corp. Announces Pricing of Initial Public Offering

NEW YORK–(BUSINESS WIRE)– OPES Acquisition Corp. (Nasdaq: OPESU) (the “Company”) announced today that its Registration Statement on Form S-1 was declared effective by the Securities and Exchange Commission. The closing of the Company’s initial public offering of 10,000,000 units is expected to occur on or about March 16, 2018. Each unit consists of one share of the Company’s common stock, par value $0.0001 (“Common Stock”), and one redeemable warrant (“Warrant”), with each Warrant entitling the holder to purchase one share of Common Stock at a price of $11.50 per share. Each Unit will be sold at an offering price of $10.00 per unit for aggregate gross proceeds of $100,000,000. Once the securities comprising the units begin separate trading, the Common Stock and Warrants are expected to be traded on Nasdaq under the symbols “OPES” and “OPESW,” respectively.

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OPES Acquisition Corp. Announces Closing of $100 Million Initial Public Offering

NEW YORK–(BUSINESS WIRE)– OPES Acquisition Corp. (Nasdaq: OPESU) (the “Company”) announced today the closing of its initial public offering of 10,000,000 units at $10.00 per unit. Each unit consists of one share of common stock of the Company, par value $0.0001 per share (“Common Stock”), and one redeemable warrant (“Warrant”) entitling the holder to purchase one share of Common Stock at a price of $11.50 per share. The units have been listed on the Nasdaq Capital Market (“Nasdaq”) and trade under the ticker symbol “OPESU.” Once the securities comprising g the units begin separate trading, the Common Stock and Warrants are expected to be traded on Nasdaq under the symbols “OPES” and “OPESW,” respectively.

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OPES Acquisition Corp. Announces Closing of Full Over-Allotment Option with Respect to Initial Public Offering

NEW YORK–(BUSINESS WIRE)– OPES Acquisition Corp. (Nasdaq: OPESU) (the “Company”) announced today that it has completed the sale of an additional 1,500,000 units pursuant to the 45-day over-allotment option granted to the underwriters in its initial public offering. Each unit consists of one share of common stock of the Company, par value $0.0001 per share (“Common Stock”), and one redeemable warrant (“Warrant”) entitling the holder to purchase one share of Common Stock at a price of $11.50 per share. The units have been listed on the Nasdaq Capital Market (“Nasdaq”) and trade under the ticker symbol “OPESU.” Once the securities comprising the units begin separate trading, the Common Stock and Warrants are expected to be traded on Nasdaq under the symbols “OPES” and “OPESW,” respectively.

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BurgerFi Names Burger-Industry Veteran Julio Ramirez as CEO

PALM BEACH, Fla., Oct. 16, 2020 (GLOBE NEWSWIRE) — OPES Acquisition Corp.’s (NASDAQ: OPES) business combination target, BurgerFi International, has named Julio Ramirez, Chief Executive Officer. Ramirez has nearly three decades of experience in the burger industry having previously served in several senior positions at Burger King Corporation, a Restaurant Brands International Inc. subsidiary, including President of the Latin America/Mexico/Caribbean division, Senior Executive of Franchise Operations and Development in North America, and Executive Vice President/Chief Operations Officer.

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OPES Acquisition Corp.’s Business Combination Target, BurgerFi, Brings the Heat With the New Spicy Fi’ed Chicken Sandwich

PALM BEACH, Fla., Oct. 13, 2020 (GLOBE NEWSWIRE) — OPES Acquisition Corp.’s (NASDAQ: OPES) business combination target, BurgerFi International, is bringing the heat to its menu with the new Spicy Fi’ed Chicken Sandwich, available at all corporate-owned locations as of late September. By mid-October, the fast-growing fast casual concept will offer the fiery sandwich at all 125+ locations throughout the U.S. 

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OPES Acquisition Corp.’s Target BurgerFi Inks 30+ LOIs for New Locations

MIAMI and WEST PALM BEACH, Fla., Sept. 03, 2020 (GLOBE NEWSWIRE) — OPES Acquisition Corp.’s (NASDAQ: OPES) business combination target, BurgerFi International, one of the nation’s fastest-growing premium fast-casual concepts with approximately 125 locations spanning across 23 states and two countries internationally, has signed letters of intent (LOI) for 30+ new units. In addition to the signed LOIs, the better-burger brand has nine new stores scheduled to open before the end of the year.

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OPES Acquisition Corp. and BurgerFi to Present at the 9th Annual Gateway Conference on September 9, 2020

NORTH PALM BEACH, FL / ACCESSWIRE / September 2, 2020 / OPES Acquisition Corp. (NASDAQ:OPES, OPESW) and its business combination target, BurgerFi International, one of the nation’s fastest-growing better burger concepts, have been invited to present at the 9th Annual Gateway Conference, which is being held virtually on September 9-10, 2020.

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OPES Acquisition Corp. Reschedules Annual Meeting of Stockholders to 10:00 A.M. ET on Friday, August 7th

NORTH PALM BEACH, Fla., Aug. 04, 2020 (GLOBE NEWSWIRE) — OPES Acquisition Corp. (NASDAQ: OPES, OPESW) (the “Company) is announcing that, due to technical issues on the teleconference today, it has rescheduled its Annual Meeting of the Stockholders (the “Annual Meeting) to Friday, August 7th at 10:00 a.m. Eastern time. The new dial-in information for the teleconference is as follows:

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OPES Acquisition Corp.’s Merger Target Proves America Is Hungrier Than Ever As BurgerFi Generates Significant Growth In Delivery Dining

NEW YORK and PALM BEACH, Fla., July 13, 2020 (GLOBE NEWSWIRE) — OPES Acquisition Corp. (NASDAQ: OPES, OPESW) recently announced plans to combine with BurgerFi International, one of the nation’s fastest-growing restaurant concepts, with nearly 125 locations spanning across 23 states and two countries internationally. The better burger concept has been on a strong growth trajectory, with plans to open 15 restaurants this year. BurgerFi’s resilience through the COVID-19 pandemic showcases the company’s strengths for off-premise dining through tech-driven delivery platforms. 

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OPES Acquisition Corp. Announces Definitive Agreement to Combine with BurgerFi

NEW YORK and PALM BEACH, Fla., June 30, 2020 (GLOBE NEWSWIRE) — Miami-headquartered OPES Acquisition Corp. (NASDAQ: OPES, OPESW) (“OPES” or the “Company”), a special purpose acquisition company, and BurgerFi International, LLC (“BurgerFi”) jointly announced today that they have entered into a definitive agreement at a $100 million purchase price to combine and form BurgerFi International, Inc. The transaction will introduce BurgerFi International, Inc. as a Nasdaq-listed public company with an anticipated initial enterprise value of approximately $143 million, or 2.4x BurgerFi’s estimated 2021 net company revenues and 13.6x BurgerFi’s estimated 2021 adjusted EBITDA of $10.5 million. BurgerFi is one of the nation’s fastest-growing better burger concepts and is expected to trade on Nasdaq under the ticker symbol BFI upon closing of the business combination.

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