Good Times names J.P. Turner as co-manager for public sale of units

Bookrunner Maxim helps fund remodeling and reimaging of restaurants

By Devika Patel

Knoxville, Tenn., July 26 - Good Times Restaurants Inc. has chosen J.P. Turner & Co., LLC to be the co-manager for its public sale of units, according to a Form S-1 filed Friday with the Securities and Exchange Commission. The deal will have a 45-day greenshoe option and was announced on April 26.

The company will sell units of one common share and a half-share warrant. The warrants will be exercisable for five years.

Maxim Group LLC is the bookrunner.

Proceeds will be used for the company's remaining required equity contribution to Bad Daddy's Franchise Development, LLC, remodeling and reimaging existing Good Times Burgers & Frozen Custard restaurants, development of new Bad Daddy's Burger Bar restaurants, future investments and as working capital reserves.

Golden, Colo.-based Good Times develops, owns, operates and franchises hamburger-oriented drive-through restaurants under the Good Times Burgers & Frozen Custard name.

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