00:00It's Benzinga, and here's what's on the block.
00:02BurgerFi filed for Chapter 11 bankruptcy protection, citing substantial doubt about its future
00:07operations.
00:09The restaurant industry is struggling with declining traffic and rising interest rates,
00:13leading many to face similar challenges.
00:15BurgerFi was founded in 2011 and went public via a special-purpose acquisition company
00:19in 2020.
00:21It later acquired Anthony's Coal-Fired Pizza and Wings.
00:24The company operates over 160 restaurants, half of which are franchises.
00:28For all things money, visit Benzinga.com.
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