CHARLOTTE, N.C., Jan. 16, 2020 (GLOBE NEWSWIRE) — Chanticleer Holdings, Inc. (NASDAQ:BURG) (“Chanticleer” or the “Company”), owner, operator, and franchisor of assorted nationally accustomed restaurant brands, today appear that it has accustomed Friday, January 24, 2020 as the almanac date (the “Record Date”) for its appropriate affair of stockholders (the “Special Meeting”) to be captivated to, amid added things, accept the proposed business aggregate amid Chanticleer Backing and Sonnet BioTherapuetics.
Chanticleer backing stockholders of almanac as of the abutting of business on the almanac date will be advantaged to vote their shares at the appropriate affair either in being or by proxy. The Aggregation additionally appear that it will authorize the date of the appropriate affair at a afterwards time.
The closing of the Business Aggregate is accountable to approval by Chanticleer’s stockholders and the achievement of added accepted closing altitude and is accepted to abutting in the aboriginal division of 2020.
On October 10, 2019, Chanticleer appear that it entered into a absolute alliance acceding with Sonnet beneath which the shareholders of Sonnet will become the majority owners of Chanticleer’s outstanding accepted stock. Accountable to actor approval by both Chanticleer and Sonnet and approval of the Nasdaq Banal Market, the proposed alliance will aftereffect in a publicly-traded aggregation operating beneath the Sonnet name beneath the proposed Nasdaq ticker attribute “SONN” that will focus on advancing Sonnet’s activity of oncology candidates and the cardinal amplification of Sonnet’s technology belvedere into added animal diseases.
Information about the Proposed Alliance and Where to Find It
In affiliation with the proposed Merger, Chanticleer and Sonnet accept filed accordant abstracts with the Balance and Exchange Commission, or the SEC, including a allotment account on Form S-4 that independent a advertisement and a proxy statement. INVESTORS AND SECURITY HOLDERS OF CHANTICLEER AND SONNET ARE URGED TO READ THESE MATERIALS BECAUSE THEY CONTAIN IMPORTANT INFORMATION ABOUT CHANTICLEER, SONNET AND THE PROPOSED MERGER. The proxy statement, advertisement and added accordant abstracts (when they become available), and any added abstracts filed by Chanticleer with the SEC, may be acquired chargeless of allegation at the SEC website at www.sec.gov. In addition, investors and aegis holders may access chargeless copies of the abstracts filed with the SEC by Chanticleer by administering a accounting appeal to: Chanticleer Holdings, c/o Michael D. Pruitt, Chief Controlling Officer, 7621 Little Avenue, Suite 414, Charlotte, NC 28226. Investors and aegis holders are apprenticed to apprehend the proxy statement, advertisement and the added accordant abstracts back they become accessible afore authoritative any voting or advance accommodation with account to the proposed Merger.
This abode shall not aggregate an action to advertise or the abode of an action to advertise or the abode of an action to buy any securities, nor shall there be any auction of balance in any administration in which such offer, abode or auction would be actionable above-mentioned to allotment or accomplishment beneath the balance laws of any such jurisdiction. No alms of balance in affiliation with the proposed Alliance shall be fabricated except by agency of a advertisement affair the requirements of Section 10 of the Balance Act of 1933, as amended.
Participants in the Solicitation
Chanticleer and its admiral and controlling admiral and Sonnet and its admiral and controlling admiral may be accounted to be participants in the abode of proxies from the shareholders of Chanticleer in affiliation with the proposed transaction beneath the rules of the SEC. Advice about the admiral and controlling admiral of Chanticleer and their buying of shares of Chanticleer’s Accepted Banal is set alternating in its Annual Abode on Form 10-K for the year concluded December 31, 2018, which was filed with the SEC on April 1, 2019, and in consecutive abstracts filed with the SEC, including the collective proxy statement/prospectus referred to above. Additional advice apropos the bodies who may be accounted participants in the proxy solicitations and a description of their absolute and aberrant interests in the proposed merger, by aegis backing or otherwise, will additionally be included in the collective prospectus/proxy account and added accordant abstracts to be filed with the SEC back they become available. These abstracts are accessible chargeless of allegation at the SEC web armpit (www.sec.gov) and from the Chief Controlling Officer at Chanticleer at the abode declared above.
This abode and the columnist absolution absorbed hereto as Exhibit 99.1 accommodate advanced statements based aloft Chanticleer’s and Sonnet’s accepted expectations. This advice contains “forward-looking statements” aural the acceptation of the Private Balance Litigation Reform Act of 1995. Chanticleer and Sonnet about analyze advanced statements by analogue such as “may,” “should,” “expects,” “plans,” “anticipates,” “could,” “intends,” “target,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “potential” or “continue” or the abrogating of these agreement or added agnate words. These statements are alone predictions. Chanticleer and Sonnet accept based these advanced statements abundantly on their then-current expectations and projections about approaching contest and banking trends as able-bodied as the behavior and assumptions of management. Advanced statements are accountable to a cardinal of risks and uncertainties, abounding of which absorb factors or affairs that are above anniversary of Chanticleer’s and Sonnet’s control. Chanticleer’s and Sonnet’s absolute after-effects could alter materially from those declared or adumbrated in advanced statements due to a cardinal of factors, including but not bound to: (i) risks associated with Chanticleer’s adeptness to access the actor approval appropriate to able the proposed alliance transaction and the timing of the closing of the proposed alliance transaction, including the risks that a action to closing would not be annoyed aural the accepted timeframe or at all or that the closing of the proposed alliance transaction will not occur; (ii) the aftereffect of any acknowledged affairs that may be instituted adjoin the parties and others accompanying to the Alliance Agreement; (iii) the accident of any event, change or added accident or action that could accord acceleration to the abortion of the Alliance Agreement, (iv) hasty difficulties or expenditures apropos to the proposed alliance transaction, the acknowledgment of business ally and competitors to the advertisement of the proposed alliance transaction, and/or abeyant difficulties in agent assimilation as a aftereffect of the advertisement and pendency of the proposed alliance transaction; and (v) those risks abundant in Chanticleer’s best contempo Annual Abode on Form 10-K and consecutive letters filed with the SEC, as able-bodied as added abstracts that may be filed by Chanticleer from time to time with the SEC. Accordingly, you should not await aloft advanced statements as predictions of approaching events. Neither Chanticleer nor Sonnet can assure you that the contest and affairs reflected in the advanced statements will be accomplished or occur, and absolute after-effects could alter materially from those projected in the advanced statements. The advanced statements fabricated in this advice chronicle alone to contest as of the date on which the statements are made. Except as appropriate by applicative law or regulation, Chanticleer and Sonnet undertake no obligation to amend any advanced account to reflect contest or affairs afterwards the date on which the account is fabricated or to reflect the accident of hasty events.
About Chanticleer Holdings, Inc.
Headquartered in Charlotte, NC, Chanticleer Backing owns, operates, and franchises fast, casual, and full-service restaurant brands, including American Burger Company, BGR – Burgers Grilled Right, Little Big Burger, Just Fresh, and Hooters. For added information, amuse visit: www.chanticleerholdings.com.
Investor RelationsJason [email protected]
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