Twin Hospitality Group 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.
Capital raise
Worse than expected
Twin Hospitality Group Inc., parent company of Twin Peaks Restaurant, has commenced voluntary Chapter 11 bankruptcy proceedings to strengthen its capital structure and deleverage its balance sheet.
Worse than expected
Twin Hospitality Group Inc. announced the results of its 2025 Annual Meeting of Stockholders, including the election of four directors and the ratification of its independent auditor.
Quarterly Earnings (10-Q)
Twin Hospitality Group Inc. reports significant losses and a going concern warning, driven by a $412.3 million debt default and operational challenges.
Worse than expected
Capital raise
Delay expected
Twin Hospitality Group Inc. reported a significant increase in net loss for the second quarter of 2025, driven by declining company-owned restaurant sales and soaring administrative costs, as it navigates its recent spin-off from FAT Brands Inc.
Worse than expected
Capital raise
Twin Hospitality Group Inc. reports a decrease in revenue for Q1 2025, primarily due to lower same-store sales and strategic restaurant closures, despite ongoing expansion plans.
Worse than expected
Annual Reports (10-K)
Twin Hospitality Group Inc. reports its fiscal year 2024 results, highlighting a 53.2% increase in revenue driven by the Smokey Bones acquisition and expansion plans.
Capital raise
Worse than expected
Insider Trading (Form 4)
Twin Hospitality Group Inc.'s President and CEO, Kim Allen Boerema, acquired 4,200 shares of Class A Common Stock in a direct purchase.
Better than expected
Kenneth Jeffery Anderson, a Director of Twin Hospitality Group Inc., was granted 100,000 Restricted Stock Units, aligning his interests with shareholders.
Allen Sussman, Chief Legal Officer of Twin Hospitality Group Inc., has been granted 200,000 Restricted Stock Units, aligning executive incentives with shareholder interests.
Twin Hospitality Group Inc. has granted 300,000 restricted stock units to its Chief Financial Officer, Kenneth Kuick, as part of a pre-arranged equity compensation plan.
David Ward Jobe, a Director and 10% Owner of Twin Hospitality Group Inc., was granted 100,000 Restricted Stock Units, aligning his interests with shareholders.
Twin Hospitality Group Inc. Director and 10% Owner James G. Ellis was granted 100,000 Restricted Stock Units (RSUs) on June 24, 2025, aligning his interests with shareholders.
Proxy Statements (Def-14A)
Twin Hospitality Group Inc. announced a change to its director nominees for the upcoming Annual Meeting following James Ellis's resignation from the Board.
Twin Hospitality Group Inc. announced its 2025 Annual Meeting of Stockholders to elect directors and ratify its independent accounting firm.
Capital raise
New Public Companies (S-1)
Twin Hospitality Group Inc. filed an S-1/A to register shares for resale by White Lion Capital LLC and to potentially raise up to $50 million through a committed equity facility, while actively negotiating with noteholders regarding alleged debt defaults.
Capital raise
Worse than expected
Twin Hospitality Group Inc. filed an S-1 registration statement for the resale of up to 10,885,725 Class A Common Stock shares by White Lion Capital LLC, aiming to raise up to $50 million to address significant debt obligations.
Delay expected
Capital raise
Worse than expected