Diversified Restaurant Holdings ("DRH") successfully completed the spinoff and distribution of Bagger Dave’s (“Bagger Dave’s”) Burger Tavern shares during the fourth quarter of 2016.
Each shareholder of DRH as of December 19, 2016, received one share of Bagger Dave’s common stock for every share of DRH common stock.
Shares of Bagger Dave’s will trade on the Over the Counter (OTC) market place once clearance is received by Financial Industry Regulatory Authority (FINRA) for Spartan Securities to make a market in the stock.