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Filing Details

Accession Number:: 0001213900-20-044203
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2020-12-23 07:45:41
Reporting Period:: 2020-12-16

Accepted Time:: 2020-12-23 07:45:41
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1723580	Burgerfi International Inc.	BFI	Retail-Eating Places (5812)	822418815

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1793414	Ophir Sternberg	4218 Ne 2Nd Avenue Miami FL 33137	Executive Chairman	Yes	Yes	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock, Par Value $0.0001 Per Share Underlying Units	Acquisiton	2020-12-16	1,000,000	$10.00	1,000,000	No	4	P	Indirect	Lionheart Equities, LLC See foonote
Common Stock, Par Value $0.0001 Per Share	Disposition	2020-12-16	1,000,000	$0.00	0	No	4	J	Indirect	Lionheart Equities, LLC See foonote
Common Stock, Par Value $0.0001 Per Share	Disposition	2020-12-16	265,659	$0.00	1,319,341	No	4	J	Indirect	LH Equities, LLC See foonote
Common Stock, Par Value $0.0001 Per Share Underlying Units	Acquisiton	2020-12-16	150,000	$0.00	150,000	No	4	J	Indirect	Lionheart Equities, LLC See footnote

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	Lionheart Equities, LLC See foonote
No	4	J	Indirect	Lionheart Equities, LLC See foonote
No	4	J	Indirect	LH Equities, LLC See foonote
No	4	J	Indirect	Lionheart Equities, LLC See footnote

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Warrant underlying Units	Acquisiton	2020-12-16	1,000,000	$0.00	1,000,000	$11.50
Common Stock	Warrant underlying Units	Acquisiton	2020-12-16	150,000	$0.00	150,000	$11.50

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
1,000,000	2021-01-16	2025-12-16	No	4	P	Indirect
150,000	2021-01-16	2025-12-16	No	4	J	Indirect

Footnotes

Pursuant to the terms of the Amended and Restated Forward Purchase Contract, dated December 16, 2020, between the Lionheart Equities, LLC ("Lionheart") and the Issuer, Lionheart purchased 1,000,000 forward purchase units (the "Units") at $10.00 per unit, in a private placement, for an aggregate purchase price of $10,000,000, in connection with the consummation of the business combination between Opes Acquisition Corp. ("OPES") and BurgerFi International, LLC. Each Unit consists of one share of Common Stock, par value $0.0001 per share (the "Shares") and one warrant exercisable to purchase one share of Common Stock at an exercise price of $11.50 per share (the "Warrants"). Mr. Sternberg, as manager of Lionheart has sole voting and dispositive control over the Shares and Warrants.
Reflects the distribution of the Shares to Lionheart's investors who funded the purchase of the Units from the Issuer. No consideration was paid for the distribution.
In connection with the consummation of the Business Combination, LH Equities, LLC ("LH Equities") transferred (i) 48,000 Founders' Shares (collectively) to David Brain, James Anderson, Martha (Stormy) L. Byorum and Allison Greenfield (members of the pre-Closing OPES Board of Directors), (ii) 20,000 Founders' Shares to EarlyBirdCapital, LLC; and (iii) 197,659 Founders' Shares to Strongback Holdings Limited. No consideration was received for the transfer.
Represents shares beneficially owned by LH Equities. Lionheart is the majority holder of the interests in LH Equities. Mr. Sternberg, as manager of Lionheart has sole voting control over the shares and shares dispositive control over the shares with the Domus Family Limited Liability Partnership, which owns interests in LH Equities, LLC. The business address for LH Equities, LLC is c/o Lionheart Equities, LLC, 4218 NE 2nd Avenue, Miami, FL 33137. The business address for Lionheart Equities is 4218 NE 2nd Avenue, Miami, FL 33137.
Represents shares and warrants, as applicable, underlying units that were issued to Lionheart upon conversion of $1,500,000 in working capital loans provided by Lionheart to OPES prior to the business combination with BurgerFi International, LLC. The principal amount of the loan was convertible into units at a conversion price of $10.00 per unit upon the consummation of the business combination.