RAVE RESTAURANT GROUP, INC.

Rave Restaurant Group, Inc., through its subsidiaries (collectively, the Company or we, us or our ), franchises pizza buffet ( Buffet Units ), delivery/carry-out ( Delco Units ), express restaurants ( Express Units ) and ghost kitchens ( Pizza Inn Ghost Kitchen Units ) under the trademark Pizza Inn and franchises fast casual pizza restaurants ( Pie Five Units ) and ghost kitchens ( Pie Five Ghost Kitchen Units ) under the trademarks Pie Five Pizza Company or Pie Five . The Company also licenses Pizza Inn Express, or PIE, kiosks ( PIE Units ) under the trademark Pizza Inn . We facilitate food, equipment, and supply distribution to our domestic and international system of restaurants through agreements with third-party distributors. As of June 29, 2025, we had 117 franchised Pizza Inn restaurants, 17 franchised Pie Five Units, and one licensed PIE Unit. The 95 domestic franchised Pizza Inn restaurants were comprised of 79 Buffet Units, five Delco Units, 10 Express Units and one Pizza Inn Ghost Kitchen Unit. As of June 29, 2025, there were 22 international franchised Pizza Inn restaurants. Domestic Pizza Inn restaurants and kiosks were located predominantly in the southern half of the United States, with Texas, North Carolina, Arkansas and Mississippi accounting for approximately 20%, 19%, 10% and 10%, respectively, of the total number of domestic units. Our History The Company has offered consumers affordable, high-quality pizza since 1958, when the first Pizza Inn restaurant opened in Dallas, Texas.