BurgerFi receives Nasdaq deficiency notices Page 1

FORT LAUDERDALE, Fla., Aug. 30, 2024 (GLOBE NEWSWIRE) — BurgerFi International, Inc. (NASDAQ: BFI, BFIIW) (“BurgerFi” or the “Company”), owner of the high-quality casual dining pizza brand Anthony's Coal Fired Pizza & Wings (“Anthony's”) and one of the nation's leading fast-casual “Better Burger” concepts through the BurgerFi brand, has received deficiency letters from Nasdaq Stock Market LLC (“Nasdaq”) relating to the Company's failure to timely file its Quarterly Report on Form 10-Q for the quarter ended July 1, 2024 (“Q2 Form 10-Q“) and the composition of Board committees resulting from the resignation of Board members.

On August 27, 2024, Nasdaq officially notified the Company that due to the Company's failure to timely file its Q2 Form 10-Q, the Company does not meet the requirements for continued listing under the timely filing criteria set forth in Nasdaq Listing Rule 5250(c)(1). Also on August 27, 2024, Nasdaq officially notified the Company that due to the resignations of certain members of the Company's Board of Directors, the Company does not meet the Nasdaq Audit Committee and Compensation Committee requirements set forth in Nasdaq Listing Rule 5605.