{"url_path":"/sec/btbd/10-q/2026/item-2","section_key":"item-2","section_title":"Item 2 UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS**","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-05-18","source_url":"https://www.sec.gov/Archives/edgar/data/1718224/0001477932-26-003265-index.html","accession_number":"0001477932-26-003265","cik":"0001718224","ticker":"BTBD","issuer_name":"BT Brands, Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1718224/0001477932-26-003265-index.html","primary_entity_key":"0001718224","primary_entity_name":"BT Brands, Inc."},"word_count":124,"has_tables":true,"body_markdown":"**ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS**\n\n \n\n*Unregistered Sales of Equity Securities*\n\n \n\nSince the date on which the Company filed its Annual Report on Form 10-K and through the date of this quarterly report, we have not sold any securities.\n\n \n\n*Use of Proceeds*\n\n \n\nSince the closing of the Company’s initial public offering in November 2021, the Company has used the proceeds received from the sale of securities for general working capital purposes and to acquire (i) the restaurant assets of Keegan’s Seafood Grille ($1,150,000), (ii) Pie in the Sky Bakery and Coffee Shop ($1,160,000), (iii) a 40.7% of the outstanding shares of common stock of Bagger Dave’s ($1,390,000), (iv) the Village Bier Garten, (recently closed) and (v) Schnitzel Haus ($943,000)."}