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OPES Acquisition Corp.’s Target BurgerFi Boosts its National Expansion

MIAMI and PALM BEACH, Fla., June 15, 2020 (GLOBE NEWSWIRE) — OPES Acquisition Corp’s (NASDAQ: OPES, OPESW) business combination target, BurgerFi International, famous for its natural angus beef burgers with no antibiotics or hormones, award-winning artisanal veggie burgers and fresh-cut fries, launched its first “ghost kitchen” in Miami, FL today. The better-burger chain with a cult-like following announced last month a multi-market licensing agreement with REEF Kitchens, the leader in the development and expansion of tech-forward neighborhood kitchens that connect people to on-demand goods and services in a sustainable and thoughtful way. The VC-backed “neighborhood kitchen” is the first of up to 15 planned kitchens for BurgerFi across the country.

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OPES Acquisition Corp. Announces Non-Binding Letter of Intent for a Business Combination with BurgerFi, One of the Nation’s Fastest-Growing Better Burger Concepts

NEW YORK and PALM BEACH, Fla., June 08, 2020 (GLOBE NEWSWIRE) — OPES Acquisition Corp. (NASDAQ: OPES, OPESW) (“OPES” or the “Company”) and BurgerFi International (“BurgerFi”) jointly announced today that they have entered into a non-binding letter of intent (the “LOI”) pursuant to which the Company and BurgerFi may enter into a business combination agreement, resulting in BurgerFi becoming a publicly traded company on the NASDAQ stock exchange. Under the terms of the LOI, the Company and BurgerFi would become a combined entity, with BurgerFi’s shareholders rolling over a majority of the equity in the combined public company.

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OPES Acquisition Corp. Securities to Commence Separate Trading

NEW YORK–(BUSINESS WIRE)– OPES Acquisition Corp. (Nasdaq:OPESU) (the “Company”) announced today that separate trading of its common stock and warrants underlying the Company’s units would commence on or about March 26, 2018. The common stock and warrants will be listed on the Nasdaq Capital Markets under the symbols “OPES” and “OPESW,” respectively. Units not separated will continue to be listed on the Nasdaq Capital Markets under the symbol “OPESU.”

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