On December 17, BurgerFi International, Inc. became a new publicly traded company, following a merger with OPES Acquisition Corp, BurgerFi CEO Julio Ramirez — an Atlanta native — announced. Shares will be traded on the Nasdaq Capital Market under the ticker symbol “BFI” and the warrants will trade under the ticker symbol “BFIIW.” With this announcement, came news of a substantial expansion in Atlanta.
“We believe that combining OPES with BurgerFi will expand the better burger brand’s growth nationally and internationally to reach new heights and create significant stockholder value,” stated BurgerFi’s newly appointed Executive Chairman Ophir Sternberg. “We will also continue our industry-leading technology development, enhancing user experience, and increasing sales through our various online ordering channels.”
Established almost a decade ago, BurgerFi has nearly 125 restaurants domestically and internationally, with five currently open in the Atlanta-metro — one closed in Midtown at 77 12th St NE — and plans to continue expanding.
“Becoming a publicly traded company is the first of many important milestones we envision for BurgerFi, as our opportunities to evolve and develop are seemingly limitless,” said Ramirez. “With our leading position as the preferred better burger restaurant in four out of five southern states, we will continue working our way up the eastern seaboard to the Mid-Atlantic and Northeast regions. Our corporate and franchise restaurant growth strategy will cluster in markets we’ve identified as strategically important, such as Atlanta, Nashville and Richmond.”
At this time, locations for the future Atlanta openings haven’t been announced.