FAT Brands Inc. Warrant - FATBW STOCK NEWS

FAT Brands has announced important updates regarding its previously disclosed partial spin-off of Twin Hospitality Group. The company will distribute a special stock dividend of 0.1520207 shares of Twin Hospitality Class A Common Stock for each share of FAT Brands Class A and B Common Stock held as of January 27, 2025.

Holders of FAT Brands' Warrants (FATBW) must exercise their warrants before the record date to receive the Twin Common Stock distribution. The current warrant exercise price of $2.2142 will be adjusted downward post-record date based on Twin Common Stock's fair market value. Based on an external valuation setting Twin Common Stock at $20.00 per share, the warrant exercise price is expected to be adjusted to zero following the record date.

Buffalo's Cafe, owned by FAT Brands (NASDAQ: FAT), has launched an extensive expansion of its bar menu on January 21, 2025. The new beverage lineup includes eight new cocktails and five new margaritas, featuring both classic and innovative drinks.

Key additions include the Georgia Peach Tea made with Evan Williams Bourbon, Peach Sangria with Myers's Platinum White Rum, and a classic Old Fashioned with Elijah Craig Small Batch Bourbon. The margarita selection features new options like the Strawberry Margarita and Millionaire Margarita made with Maestro Dobel Diamante Tequila.

The menu development was a collaboration between Buffalo's culinary team and Straight Up Collective, focusing on creating drinks that would enhance the restaurant's sports-watching and social gathering atmosphere.

FAT Brands Inc. (NASDAQ: FAT) has announced a special stock dividend distribution of Twin Hospitality Group Inc. shares to its stockholders. The distribution will represent approximately 5% of Twin Hospitality's fully diluted Class A Common Stock, with FAT Brands retaining the remaining shares.

Stockholders will receive 0.1520207 share of Twin Common Stock for each share of FAT Brands Class A and Class B Common Stock held as of January 27, 2025 (record date). The distribution is scheduled for January 29, 2025, with Twin Hospitality beginning trading on Nasdaq under the symbol 'TWNP' the following day.

The distribution involves Twin Hospitality Group, which operates Twin Peaks and Smokey Bones restaurant brands. Fractional shares will be sold in the open market with proceeds distributed to eligible stockholders. Warrant holders must exercise their warrants before the record date to receive the distribution.

FAT Brands' franchise, Great American Cookies, introduces a new Lemon Cookie for a time from June 17 to August 11, 2024. This cookie is crafted with tangy lemon dough, cream cheese chips, and a sprinkle of sugar. It complements the year-round Blueberry Muffin Cookie and Strawberry Crinkle Cookie, forming a perfect summer lineup. The brand, known for its Original Cookie Cake and classic treats, continues to innovate with fresh flavors. Great American Cookies operates 400 bakeries in countries like the US, Bahrain, Guam, and Saudi Arabia. The promotion aims to enhance the brand's appeal during the summer season.

Marble Slab Creamery, part of FAT Brands, has introduced a new ice cream flavor called Summer Swirl, available from June 13 to August 11 across participating locations. This summer treat combines Blue Cotton Candy, Very Yellow Marshmallow, and Strawberry to create a colorful and flavorful experience. The announcement emphasizes Marble Slab Creamery's commitment to innovation and imagination in ice cream creation, highlighting its 40-year history in the industry. FAT Brands owns 18 restaurant brands and operates over 2,300 units worldwide, including Marble Slab Creamery, which offers homemade, small-batch ice cream and various mix-ins.

FAT Brands announces the opening of a new Round Table Pizza at Stanford University's Tresidder Memorial Union. This location offers students and faculty homemade pizzas with high-quality ingredients and hand-rolled crusts. The expansion is meaningful for the brand, which started nearby in Menlo Park over 60 years ago. Round Table Pizza emphasizes using top-notch ingredients and maintaining its reputation as 'Pizza Royalty.' The new location operates Monday to Friday from 10:30 a.m. to 8 p.m., and weekends from 11 a.m. to 7 p.m.

Native Grill & Wings, under FAT Brands, celebrates its 45th anniversary with a edition Cactus Blossom 45th Anniversary Cocktail, available from June 3 to August 11 at participating locations. The cocktail, composed of Western Son Prickly Pear Vodka, simple syrup, grenadine, ginger beer, and lime juice, reflects the brand's Arizona roots. New summer drinks include the Water-Rita, The Vacay, Spiked Bourbon Tea, Spiked Blueberry Lemonade, Spiked Prickly Pear Lemonade, and two non-alcoholic mocktails. The food menu introduces Lemon Pepper Wings, Bavarian Pretzel & Beer Cheese, and Jalapeño Poppers. Gregg Nettleton, President and COO, expressed gratitude towards their loyal customers. For more details, visit nativegrillandwings.com.

FAT Brands announces the opening of its seventh Round Table Pizza location in Texas, marking the second in San Antonio, through a partnership with Brame Brands. Situated at 22815 North US Highway 281, this outlet offers premium pizza and fresh Garlic Parmesan Twists. President David Pear highlighted the strategic expansion, revealing plans for 40 new locations in Texas. Founded in 1959, Round Table Pizza emphasizes high-quality ingredients and hand-crafted processes. The grand opening event on June 13 will feature a special giveaway: free pizza for a year for the first 30 guests. The restaurant operates from 10:00 a.m. to 10:00 p.m. Sunday through Thursday, and 10:00 a.m. to 11:00 p.m. on Fridays and Saturdays.

Fazoli’s, a popular Italian quick-service chain owned by FAT Brands, has opened its second location in the Tampa area, located at 24791 FL-54 in Lutz, Florida.

This marks the sixth Fazoli’s restaurant in Florida, highlighting the chain's ongoing expansion in the state. The new location offers a variety of Italian dishes, including pasta, subs, salads, and pizzas, along with their famous unlimited breadsticks.

Fazoli’s aims to deliver fast, fresh, and affordable Italian food while maintaining high-quality standards. The restaurant is open from 10:30 am to 10:00 pm Sunday through Thursday, and until 11:00 pm on Fridays and Saturdays.

FAT Brands, the parent company, owns 18 restaurant brands and over 2,300 units worldwide. Fazoli’s operates nearly 220 locations across 26 states, making it the largest QSR Italian chain in the U.S.