Operations

BurgerFi's IPO is a done deal

December 16, 2020

Opes Acquisition Corp.'s stockholders voted this week to approve the $100 million purchase of BurgerFi International, which was first announced in June.

Upon the closing of the business combination, the company will be renamed "BurgerFi International Inc.," and its common stock will trade on the Nasdaq under the ticker symbol "BFI." The warrants will trade under the ticker symbol "BFIIW."

"We are very pleased to receive such strong support from our stockholders and look forward to completing our business combination with BurgerFi," Ophir Sternberg, Opes chairman and CEO, said in a company press release. "We believe that BurgerFi has a unique value proposition with ample room for growth that will prove to be an attractive public company and provide tremendous stockholder value going forward."

BurgerFi will ring the Nasdaq opening bell at 9:30 a.m., Eastern Thursday.

Established in 2011, BurgerFi said that it uses 100% natural American Angus beef with no steroids, antibiotics, growth hormones, chemicals or additives.