How will the funds raised from the Burger Kindl IPO to be utilized?

The company would utilize fresh issue proceeds for funding roll-out of new company-owned Burger King Restaurants and general corporate purposes. Under the Master Franchise and Development Agreement, the company is required to develop and open at least 700 restaurants (including company-owned Burger King Restaurants and Sub-Franchised Burger King Restaurants) by December 31, 2026, which has recently been extended by one year from December 31, 2025, due to the COVID-19 crisis.