PROSPECTUS SUMMARY
This summary highlights selected information contained elsewhere in this prospectus. This summary does not contain all of the information that you should
consider before deciding to invest in our securities. You should read this entire prospectus carefully, including the section titled, Risk Factors, and our most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on
Form 10-Q (which descriptions are incorporated by reference herein), as well as the other information contained or incorporated by reference in this prospectus before making an investment decision.
General
Opes Acquisition Corp. was
formed as a blank check company incorporated in Delaware on July 24, 2017 for the purpose of entering into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business transaction with
one or more operating businesses or entities. BurgerFi International, LLC was formed in Delaware on January 27, 2011. On December 16, 2020, to effectuate the Business Combination, Opes Acquisition Corp. purchased 100% of the membership
interests of BurgerFi International, LLC from the Members of BurgerFi International, LLC, resulting in BurgerFi International, LLC becoming a wholly owned subsidiary of Opes, Subsequently, in connection with this Business Combination,
Opes changed its name to BurgerFi International, Inc. On December 16, 2020, as a result of the consummation of the Business Combination, which fulfilled the initial Business Combination requirement of Opess
Certificate of Incorporation, as amended and restated, the Company ceased to be a shell company.
On November 3, 2021, the Stock Acquisition was
completed, pursuant to which we acquired 100% of the outstanding shares of Hot Air from Cardboard. Hot Air, through its subsidiaries, owns the business of operating upscale casual dining restaurants in the specialty pizza and wings segment under the
name Anthonys Coal Fired Pizza & Wings (ACFP).
References to the Post-Combination Company refer to
BurgerFi International, Inc. after the consummation of the Business Combination. Unless the context otherwise requires, all references to we, us, our, BurgerFi and the Company and
other similar references refer to the Post-Combination Company and, unless otherwise stated, all of its subsidiaries. All references to Opes refer to the Company before the closing of the Business Combination.
We are a leading multi-brand restaurant company that develops, markets and acquires fast-casual and premium-casual dining restaurant concepts around the
world, including corporate-owned stores and franchises. As of December 31, 2021, we were the owner and franchisor of the two following brands:
BurgerFi. BurgerFi is a fast-casual better burger concept, renowned for delivering an exceptional, all-natural premium better
burger experience in a refined, contemporary environment. BurgerFis chef-driven menu offerings and eco-friendly restaurant design drive our brand communication. It offers a classic American menu of premium burgers, hot dogs, crispy
chicken, frozen custard, hand-cut fries, shakes, beer, wine and more. Originally founded in 2011 in Lauderdale-by-the-Sea, Florida, the purpose was simple RedeFining the way the world eats burgers by providing an upscale burger
offering, at a fast-casual price point. BurgerFi is committed to an uncompromising and rewarding dining experience that promises fresh food of transparent quality. Since its inception, BurgerFi has grown to 118 BurgerFi locations, and as of December
31, 2021, is comprised of 25 corporate-owned restaurants and 93 franchised restaurants in 2 countries and 22 states, as well as Puerto Rico.
BurgerFi was
named Best Fast Casual Restaurant in USA Todays 10 Best 2022 Readers Choice Awards for the second consecutive year, QSR Magazines Breakout Brand of 2020, Fast Casuals 2021 #1 Brand of the Year and included in Inc.
Magazines Fastest Growing Private Companies List. In 2021, Consumer Reports Chain Reaction Report praised BurgerFi for serving no antibiotic beef across all its restaurants, and Consumer Reports awarded BurgerFi an
A-Grade Angus Beef rating for the third consecutive year.
ACFP. ACFP is a premium pizza and wing brand, operating 61
corporate-owned casual restaurant locations, as of December 31, 2021. ACFP prides itself on serving fresh, never frozen, high-quality ingredients. The concept is centered around a 900-degree coal fired oven, and its menu offers well-done
pizza, coal fired chicken wings, homemade meatballs, and a variety of handcrafted sandwiches and salads. The restaurants also feature a deep wine and craft beer selection to round out the menu. The pizzas are prepared using a unique coal fired oven
to quickly seal in natural flavors while creating a lightly charred crust. ACFP provides a differentiated offering among its casual dining peers driven by its coal fired oven, which enables the use of fresh, high-quality ingredients with quicker
ticket times.
Since its inception in 2002 in Ft. Lauderdale, Florida, the ACFP brand has grown to 61 corporate-owned locations, as of December 31, 2021,
primarily along the East coast and has restaurants in eight states, including Florida (28), Pennsylvania (12), New Jersey (8), New York (5), Massachusetts (4) Delaware (2), Maryland (1), and Rhode Island (1).
ACFP was named The Best Pizza Chain in America by USA Todays Great American Bites and Top 3 Best Major Pizza Chain by Mashed in
2021.
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