Bobby’s Burger Palace Launches Initial Public Offering Via Jobs Act Regulation A+ with Sights Set on NYSE MKT Listing
NEW YORK–(BUSINESS WIRE)–Bobby’s Burger Palace, the fast casual burger concept created by award-winning chef, Bobby Flay, today announced the intention to file a Regulation A+ initial public offering that allows any investor the opportunity to invest in the Company’s vision for accessible, high-quality burgers. Created by Chef Bobby Flay and Managing Partner, Laurence Kretchmer, Bobby’s Burger Palace is based on Flay’s love for food and travel and his commitment to bringing a signature Bobby Flay dining experience to everyone.
TriPoint Global Equities, LLC, working with its online division BANQ® (www.banq.co), will act as the lead managing selling agent and bookrunner for the offering. Bobby’s Burger Palace is seeking to become the first celebrity-driven company to launch a Regulation A+ IPO with listing on the New York Stock Exchange MKT (NYSE MKT).
The Company seeks to raise up to $15 million in its IPO under Regulation A+ and then, in succession and subject to NYSE requirements, be listed on the NYSE MKT as “FLAY.” Bobby’s Burger Palace intends to use the proceeds from the offering to fund domestic and international expansion, sales and marketing, and for working capital and other general corporate purposes. Individuals interested in learning more about the Bobby’s Burger Palace Regulation A+ investment opportunity and registering an indication of interest can visit banq.co/listings/bbp.
“I created Bobby’s Burger Palace with one goal in mind – to bring a quality burger experience to everyone and I have spent the last nine years perfecting the concept. I am thrilled to be able to finally share BBP with our fans around the world,” said Founder, Bobby Flay.
“We are very excited to be able to bring Bobby’s Burger Palace to millions of Americans and other investors around the world by creating the opportunity to invest in our Company by buying shares at the initial offering price,” said Managing Partner, Laurence Kretchmer. “While a traditional public offering is generally reserved for large institutional investors and only the clients of the investment bank, we are taking advantage of new SEC regulations to level the playing field for all investors to participate concurrently in our IPO.”
A Bobby Flay Dining Experience For All:
Founded in 2008, Bobby’s Burger Palace is a fast casual burger concept created by award-winning Chef Bobby Flay. With the goal of bringing a signature Flay dining experience to diners everywhere, Bobby’s Burger Palace currently operates 17 locations throughout the U.S., with the intent to expand into new markets around the globe.
Located across nine states and Washington D.C., Bobby’s Burger Palace celebrates Flay’s love for the grill, with a menu comprised of over a dozen made-to-order, high-quality, never-frozen signature burgers, with proprietary sauces and toppings, hand-cut fries, as well as bold salads, spoon-bending milkshakes and refreshing drinks, all created from original Bobby Flay recipes.
Taking inspiration from Flay’s own travels across the U.S., Bobby’s Burger Palace has come to reflect the dining cultures where individual restaurants are located, each featuring distinctly local flavors and recipes. True to its signature welcoming hospitality and approachable price points, Bobby’s Burger Palace brings Flay’s favorite food to everyone.
About Bobby’s Burger Palace
Bobby’s Burger Palace is a fast casual restaurant concept focused on bringing a signature Bobby Flay dining experience to everyone. Created by acclaimed chef Bobby Flay, the first Bobby’s Burger Palace opened in 2008. Today there are 17 locations across nine states and Washington DC. For more information, please visit http://bobbysburgerpalace.com.
This press release may include ”forward-looking statements.” To the extent that the information presented in this press release discusses financial projections, information, or expectations about our business plans, results of operations, products or markets, or otherwise makes statements about future events, such statements are forward-looking. Such forward-looking statements can be identified by the use of words such as ”should,” ”may,” ”intends,” ”anticipates,” ”believes,” ”estimates,” ”projects,” ”forecasts,” ”expects,” ”plans,” and ”proposes.” Although we believe that the expectations reflected in these forward-looking statements are based on reasonable assumptions, there are a number of risks and uncertainties that could cause actual results to differ materially from such forward-looking statements. You are urged to carefully review and consider any cautionary statements and other disclosures, including the statements made under the heading “Risk Factors” and elsewhere in the offering statement that we will file with the SEC. Forward-looking statements speak only as of the date of the document in which they are contained, and Bobby’s Burger Palace does not undertake any duty to update any forward-looking statements except as may be required by law.
The offering will be made only by means of an offering circular. An offering statement on Form 1-A relating to these securities has not yet been filed with the Securities and Exchange Commission.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
No money or other consideration is being solicited at this time with respect to such an offering, and if sent in response to these materials for such an offering, it will not be accepted. No securities may be sold, and no offer to buy securities can be accepted and no part of the purchase price can be received for an offering under Regulation A+ until an offering statement is qualified by the U. S. Securities and Exchange Commission, and any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of its acceptance given after the qualification date. An indication of interest made by a prospective investor in a Regulation A+ offering is non-binding and involves no obligation or commitment of any kind.