Amergent Hospitality Group, Inc. — Cyborg Score 3/10
Challenged
Fast-casual restaurants and quick-service dining
Strategic Profile
As of July 2023, the company's shares were moved to the Expert Market tier after not meeting reporting obligations under the Securities Exchange Act, where securities may only be quoted on an unsolicited basis. The company focuses on expanding through brand acquisitions and franchise operations across burger, pizza, and casual dining concepts.
Cyborg Score Rationale
Amergent operates a diverse restaurant portfolio but faces significant regulatory and liquidity challenges. The company failed to meet SEC reporting obligations, leading to delisting from OTC Markets in July 2023, signaling governance and operational execution risks. Limited data availability and illiquid trading status constrain growth prospects.
Top Insights
Following the acquisition of Boudreaux's, Amergent operated 40+ restaurants across its portfolio brands (as of mid-2023), demonstrating growth through acquisitions, though recent portfolio updates are limited.
In February 2025, Amergent acquired PizzaRev, paying $100,000 cash plus a $1 million convertible note, marking the company's entry into the pizza segment with three company-owned locations and nine franchised units.
In July 2023, Amergent's shares were removed from quotation after filing its 10-K untimely and leaving a quarterly 10-Q delinquent, indicating operational and financial reporting execution gaps that persist.