OPES completed the merger with BurgerFi in a $100m deal.

OPES Acquisition, a special purpose acquisition company, completed the merger with BurgerFi International, a fast-casual dining restaurant chain in a $100m deal. Additionally, Lionheart Equities and Lion Point Capital, two investment firms, contributed $30m into the combined company. “BurgerFi’s position within the rapidly expanding ‘better-burger’ space combined with its technology-driven business model and highly-scalable structure makes it poised for significant shareholder value creation. We believe that BurgerFi is positioned for rapid growth. Our team is thrilled to partner with BurgerFi’s senior management to support the numerous growth initiatives underway and to drive operational excellence," Ophir Sternberg, OPES Chairman and CEO.