OPES Acquisition Corp. announced Tuesday that OPES’s stockholders voted to approve the proposed business combination with BurgerFi International, LLC (BurgerFi) and certain other related proposals, pursuant to which OPES will acquire BurgerFi for approximately $100 million in total consideration.
Upon the closing of the business combination, the combined company will be renamed "BurgerFi International, Inc." and its common stock will trade on The Nasdaq Stock Market 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,” says Ophir Sternberg, Chairman & CEO of OPES. “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 time on Thursday, December 17.