Meritage Initiates Voluntary Chapter 11 Process to Strengthen Its Balance Sheet and Position the Company for Long-Term Success

GRAND RAPIDS, Mich., Sept. 17, 2026 (GLOBE NEWSWIRE) -- Meritage Hospitality Group Inc. (OTCQX: MHGU) ("Meritage" or the "Company"), one of the nation’s largest restaurant operators, today announced that it has voluntarily filed petitions for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Western District of Michigan (the "Court"). The Company took this step to strengthen its balance sheet and establish a sustainable capital structure that positions Meritage for long-term success.