Fat Brands, INC
Market Movers (8-K)
FAT Brands Inc. has entered into an Asset Purchase Agreement to sell the Elevation Burger brand and related assets as part of its Chapter 11 restructuring.
FAT Brands Inc. and its subsidiaries have reached a global settlement in their Chapter 11 cases, paving the way for asset sales and a plan of liquidation.
FAT Brands Inc. and Twin Hospitality Group Inc. have appointed Keshav Lall as interim Chief Executive Officer as they continue their Chapter 11 bankruptcy proceedings.
FAT Brands Inc. and Twin Hospitality Group Inc. secured $307.6 million in debtor-in-possession financing and implemented significant management and board changes as part of their Chapter 11 bankruptcy proceedings.
Worse than expected
Capital raise
FAT Brands Inc. and its subsidiaries have commenced voluntary Chapter 11 bankruptcy proceedings to deleverage its balance sheet and strengthen its capital structure.
Worse than expected
FAT Brands Inc. received multiple notices from Nasdaq regarding non-compliance with minimum bid price and market value requirements for its Class A and Class B common stock.
Worse than expected
Quarterly Earnings (10-Q)
FAT Brands Inc. reports significant losses and negative cash flow, triggering multiple debt defaults and raising substantial doubt about its ability to continue as a going concern.
Delay expected
Worse than expected
Capital raise
FAT Brands Inc. reported a significantly increased net loss and declining revenue for the second quarter of 2025, driven by higher general and administrative expenses and ongoing legal challenges, despite a recent spin-off of its Twin Peaks and Smokey Bones brands.
Worse than expected
Capital raise
Delay expected
FAT Brands Inc. files an amendment to its Q1 2025 report to update the Co-Chief Executive Officer certification.
FAT Brands Inc. experienced a decrease in revenue during the first quarter of 2025, alongside increased general and administrative expenses due to pending litigation.
Worse than expected
FAT Brands Inc. saw a significant increase in revenue in Q3 2024, primarily due to acquisitions, but also experienced a net loss due to higher operating and interest expenses.
Worse than expected
Capital raise
FAT Brands Inc. saw a significant increase in revenue in the second quarter of 2024, primarily due to the acquisition of Smokey Bones, but also experienced a net loss.
Worse than expected
Capital raise
Annual Reports (10-K)
FAT Brands Inc. reports a net loss for fiscal year 2024 amidst ongoing legal challenges and strategic shifts, including the spin-off of Twin Peaks.
Worse than expected
FAT Brands Twin Peaks I, LLC issues $98 million in secured notes, part of which is used to repurchase existing debt and amend an agreement with Twin Peaks sellers.
Capital raise
Insider Trading (Form 4)
HOT GFG LLC, a 10% owner and director of Fat Brands Inc., reported the sale of 1,794,766 shares of Class A Common Stock.
Worse than expected
HOT GFG LLC, a 10% owner and director of Fat Brands, Inc., reported the sale of 493,960 shares of Class A Common Stock through a pre-arranged trading plan.
Worse than expected
Fat Brands, Inc., a major shareholder and director, has increased its direct beneficial ownership in Twin Hospitality Group Inc. by converting over 7.1 million shares of Class A Common Stock from existing liabilities.
Capital raise
Better than expected
Form 4: Fat Brands Director Mark Elenowitz Boosts Stake with Preferred Stock Purchase and Warrant Exercise
Fat Brands, Inc. Director Mark Elenowitz has increased his beneficial ownership in the company through the acquisition of preferred stock and the exercise of warrants, signaling continued insider confidence.
Better than expected
Robert Rosen, Co-CEO and CFO of FAT Brands, Inc., amended stock options on March 18, 2025, involving adjustments to exercise prices.
Mason Alan Wiederhorn, Chief Brand Officer of FAT Brands, Inc., amended several stock option grants to reduce the exercise price by $2.599553 per share on March 18, 2025.
Proxy Statements (Def-14A)
FAT Brands Inc. announced a supplement to its proxy statement, withdrawing the nomination of James Ellis for re-election to the Board of Directors following his immediate resignation.
FAT Brands Inc. announces its 2025 Annual Meeting of Stockholders to address director elections, executive compensation, and auditor ratification.
Worse than expected
FAT Brands Inc. has scheduled its 2024 Annual Meeting of Stockholders for December 24, 2024, to vote on key proposals including the election of directors and an amendment to the company's charter to allow for officer exculpation.
Schedule 13D - Activist Investments
Gregory and Scott Fortunoff have significantly reduced their beneficial ownership in FAT Brands, Inc., falling below the 5% threshold.
Worse than expected
Schedule 13G - Passive Investments
Muhammad Asif Seemab has sold all his Class A Common Stock and Series B Cumulative Preferred Stock in FAT Brands, Inc.
Worse than expected
HOT GFG LLC and Rachel Serruya filed an amendment to their Schedule 13G, disclosing a 1.1% beneficial ownership in Fat Brands, Inc. Class A Common Stock, despite a narrative indicating a prior sale of common shares.
Worse than expected
Muhammad Asif Seemab has increased his beneficial ownership in FAT Brands, Inc. Class A Common Stock to 8.8%, as detailed in an amended Schedule 13G filing, while the company faces preferred dividend defaults.
Worse than expected
Muhammad Asif Seemab has reported a 6.2% beneficial ownership stake in FAT Brands, Inc.'s Class A Common Stock.
Delay expected
Worse than expected