Learn languages naturally with fresh, real content!

tap to translate recording

Explore By Region

flag BurgerFi, a burger chain in Glenview, IL, faces potential bankruptcy due to significant adverse developments and liquidity issues.

flag BurgerFi, a burger chain with a location in Glenview, IL, may be on the brink of bankruptcy, according to a recent filing with the US Securities and Exchange Commission (SEC). flag The company submitted a form mentioning "significant adverse developments with respect to the business and liquidity," and cited "substantial doubt about the company's ability to continue to operate." flag While BurgerFi has not officially declared bankruptcy, the report highlights potential financial issues faced by the company. flag BurgerFi has been seeking additional financing, attempting to sell its assets, or the entire company, but there is "no assurance" a solution will be found to meet its financial obligations. flag If adequate relief or liquidity is not acquired, the company may seek protection under applicable bankruptcy laws.

59 Articles

Further Reading