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Private company

Amergent Hospitality Group Inc.

Amergent Hospitality Group Inc. is an American retail-eating and drinking places company based in Charlotte.1

Last updated Oct 21, 2026.

Overview

  • IndustryRetail-Eating & Drinking Places1
  • HeadquartersCharlotte, North Carolina1
  • Incorporated inDE2
  • Business addressPost Office Box 470695, Charlotte, Nc 282472
  • Filer categoryNon-accelerated filer, Smaller reporting company2
  • Legal formCorporation

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2022

-35.0%Operating margin3
-14.1%Net margin3
3.1%Revenue growth, 20223
-$4.0MFree cash flow3

Where the money goes

Where each dollar of revenue went, fiscal 2022

  • Other costs100¢$21.3M
  • Income tax0¢$42.0K

Out of $21.3M in revenue.3 The company lost money this year.

Financial statements

Revenue453$21.3M in 2022−29% since 2019
0$10.0M$20.0M$30.0M$40.0M2019: $30.1M$30.1M20192020: $18.8M$18.8M2020−38%2021: $20.7M$20.7M2021+10%2022: $21.3M$21.3M2022+3%
Operating income453-$7.4M in 2022−54% since 2019
-$20.0M-$15.0M-$10.0M-$5.0M02019: -$16.1M-$16.1M20192020: -$8.3M-$8.3M2020−49%2021: -$3.5M-$3.5M2021−58%2022: -$7.4M-$7.4M2022+113%
Net income453-$3.0M in 2022−83% since 2019
-$20.0M-$15.0M-$10.0M-$5.0M02019: -$17.7M-$17.7M20192020: -$20.0M-$20.0M2020+13%2021: -$3.4M-$3.4M2021−83%2022: -$3.0M-$3.0M2022−11%
Fiscal year20182019202020212022
Revenue$30.1M4$18.8M5$20.7M3$21.3M3
Operating expenses$24.1M3$28.7M3
Operating income-$16.1M4-$8.3M5-$3.5M3-$7.4M3
Income before tax-$3.4M3-$3.3M3
Income tax$73.7K4$7.0K5$118.0K3$42.0K3
Net income-$17.7M4-$20.0M5-$3.4M3-$3.0M3
Earnings per share-$0.223-$0.193
Earnings per share (diluted)-$0.223-$0.193
Shares (weighted, basic)15.3M shares315.7M shares3
Shares (weighted, diluted)15.3M shares315.7M shares3

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Corporate structure

Amergent Hospitality Group Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Amergent Hospitality Group Inc.

  • Arena Investors Filed SC 13G/A on Amergent Hospitality Group Inc., latest Feb 14, 2022
  • NY Farms Group Inc Filed SC 13G on Amergent Hospitality Group Inc., latest Feb 4, 2022
  • Amergent Hospitality Group Inc. Charlotte, North Carolina

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Amergent Hospitality Group Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Machinery and equipment$7.0K3 Dec 31, 2022$33.0K3 Dec 31, 2021−78.8%
Furniture and fixtures$1.9M3 Dec 31, 2022$2.8M3 Dec 31, 2021−31.6%
Leasehold improvements$4.7M3 Dec 31, 2022$5.5M3 Dec 31, 2021−15.2%
Construction in progress$20.0K3 Dec 31, 2021$5.0K5 Dec 31, 2020+300.0%
Property and equipment, before depreciation$6.6M3 Dec 31, 2022$8.4M3 Dec 31, 2021−21.0%
Accumulated depreciation$4.3M3 Dec 31, 2022$5.3M3 Dec 31, 2021−18.6%
Property and equipment, net$2.3M3 Dec 31, 2022$3.1M3 Dec 31, 2021−24.9%
Operating-lease assets (leased space)$5.0M3 Dec 31, 2022$8.0M3 Dec 31, 2021−38.0%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$375.0K3 Dec 31, 2022$646.0K3 Dec 31, 2021−42.0%
Marketable securities, current$12.0K3 Dec 31, 2022$50.0K3 Dec 31, 2021−76.0%
Stakes in other companies (equity method)$12.0K3 Dec 31, 2022$50.0K3 Dec 31, 2021−76.0%
Long-term investments$28.0K3 Dec 31, 2022$66.0K3 Dec 31, 2021−57.6%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$7.8M3 Dec 31, 2022$7.8M3 Dec 31, 20210%
Intangible assets, net (excluding goodwill)$2.3M3 Dec 31, 2022$3.1M3 Dec 31, 2021−26.2%
Finite-lived intangibles, gross$3.7M3 Dec 31, 2022$4.5M3 Dec 31, 2021−18.2%
Accumulated amortization$1.4M3 Dec 31, 2022$1.4M3 Dec 31, 20210%
Finite-lived intangibles, net$2.3M3 Dec 31, 2022$840.0K5 Dec 31, 2021+174.9%

Inventory

ItemLatestA year beforeChange
Inventory, total$158.0K3 Dec 31, 2022$182.0K3 Dec 31, 2021−13.2%

Leadership

Who has led Amergent Hospitality Group Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Michael D. Pruitt2020–2023

President

  1. Frederick L. Glick2020–2021
  2. Mark Anthony Whittle2023

Chief financial officer

  1. Patrick Clay Harkleroad2020
  2. Stephen J. Hoelscher2021–2023
2025
Board members and other officers (5)

Former names

  • Amergent Hospitality Group, IncApr 9, 2020 to Feb 14, 20222

Timeline

  1. Sep 12, 20258-K Bankruptcy or receivership; Change to shareholders' rights16
  2. Jul 28, 20238-K Executive or director change17
  3. Jun 15, 20238-K Executive or director change18
  4. Apr 10, 20238-K Entered a material agreement; Executive or director change19
  5. Mar 27, 20238-K Completed an acquisition or sale; Unregistered sale of shares20
  6. Feb 2, 20238-K Entered a material agreement; Unregistered sale of shares; Change to shareholders' rights21
  7. Jan 26, 20238-K Entered a material agreement; Unregistered sale of shares22
  8. Jan 24, 20238-K Shareholder vote23
  9. Jan 19, 20238-K Shareholder vote24
  10. Jan 18, 20238-K Entered a material agreement; Executive or director change25
  11. Dec 23, 20228-K Ended a material agreement; Executive or director change26
  12. Nov 21, 20228-K Ended a material agreement27
  13. Jun 8, 2020New chief executive Michael D. Pruitt becomes CEO8

Filings

52 filings to the SEC since October 2021: 2 annual reports, 4 quarterly reports, 16 major events, 15 insider forms, 2 large holders, 1 private raises, 12 other. The latest 20:

  1. Apr 2, 2026REVOKED EDGAR
  2. Sep 12, 20258-K EDGAR
  3. Jul 28, 20238-K EDGAR
  4. Jul 17, 202310-K EDGAR
  5. Jun 15, 20238-K EDGAR
  6. May 30, 20234 EDGAR
  7. May 16, 2023NT 10-Q EDGAR
  8. Apr 10, 20238-K EDGAR
  9. Apr 7, 20234 EDGAR
  10. Apr 7, 20234 EDGAR
  11. Apr 7, 20234 EDGAR
  12. Apr 3, 2023NT 10-K EDGAR
  13. Mar 27, 20238-K EDGAR
  14. Feb 6, 20234 EDGAR
  15. Feb 2, 20238-K EDGAR
  16. Feb 1, 20234 EDGAR
  17. Jan 26, 20238-K EDGAR
  18. Jan 24, 20238-K/A EDGAR
  19. Jan 19, 20238-K EDGAR
  20. Jan 19, 20233 EDGAR

The 52 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

7 open-market trades by officers, directors and large owners since October 2021: 7 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Dec 19, 2022Pruitt Michael DCEOBuy7,000$0.13$910Form 4
Sep 19, 2022Pruitt Michael DCEOBuy3,000$0.13$390Form 4
Aug 23, 2022Pruitt Michael DCEOBuy2,500$0.20$500Form 4
Jun 17, 2022Pruitt Michael DCEOBuy2,500$0.25$625Form 4
May 26, 2022Pruitt Michael DCEOBuy3,000$0.35$1.1KForm 4
Apr 20, 2022Pruitt Michael DCEOBuy4,000$0.37$1.5KForm 4
Nov 26, 2021Pruitt Michael DCEOBuy3,000$0.36$1.1KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

Money received by year$4.1M 2020–2021
Money received by yearMoney received by year, 2020–2021: $4.1M in all. PPP loans $4.1M.$0$1M$2M$3M2020 · PPP loans: $2.1M20202021 · PPP loans: $2.0M2021
Figures by year
YearPPP loansTotal
2021$2.0M$2.0M
2020$2.1M$2.1M

Private raises

Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.

  1. Feb 18, 2022Filed a private offering of debt30 Form D: $3 million offered in all Form D

PPP loans

Paycheck Protection Program loans of $150,000 and up, approved April 2020 to July 2021, from the SBA31. Matched to this company by name and state.

  1. Apr 15, 2020$2.1M PPP loan (first draw) from TowneBank31To AMERGENT HOSPITALITY GROUP INC, Charlotte NC; $2.2M forgiven Nov 16, 2022
  2. Feb 24, 2021$2.0M PPP loan (second draw) from TowneBank31To AMERGENT HOSPITALITY GROUP INC, Charlotte NC; $2.0M forgiven Dec 19, 2022

SEC filer profile

How Amergent Hospitality Group Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARAmergent Hospitality Group Inc.1
  • CIK0001805024
  • Employer ID (EIN)84-48429581
  • Filer statusNon-accelerated filer<br>smaller reporting company1
  • Incorporated inDelaware1
  • Fiscal year endsDecember 311
  • Industry code (SIC)5810 Retail-Eating & Drinking Places1
  • SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
  • Business addressPost Office Box 470695, Charlotte, NC 282471
  • Phone704-366-51221
  • Shares outstanding16,833,666 as of Jun 14, 20233
  • Public float$2.0M as of Jun 30, 20223
  • On EDGAR sinceApr 9, 20201
  • Filings102 in all: 4 (24), 8-K (23), 3 (9), 10-Q (8), NT 10-Q (7), UPLOAD (4), 10-12G/A (3), 10-K (3)1
    All 20 form types

    CORRESP (3), NT 10-K (3), 8-K/A (2), DEF 14A (2), S-8 (2), SC 13G (2), SC 13G/A (2), 10-12G (1), D (1), DEFR14A (1), PRE 14A (1), REVOKED (1)

  • Latest filingsAnnual report (10-K) Jul 17, 2023
    Quarterly report (10-Q) Dec 13, 2022
    Proxy statement (DEF 14A) Dec 12, 2022
    Latest 8-K (8-K) Sep 12, 2025

Sources

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