Fat Brands Acquires Foghorn Brewhouse Parent
Ticker: FABTQ · Form: 8-K · Filed: Mar 11, 2024 · CIK: 1705012
| Field | Detail |
|---|---|
| Company | Fat Brands, INC (FABTQ) |
| Form Type | 8-K |
| Filed Date | Mar 11, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.0001, $0.171875 |
| Sentiment | neutral |
Sentiment: neutral
Topics: acquisition, casual-dining, expansion
Related Tickers: FAT
TL;DR
FAT buys Foghorn Brewhouse parent for expansion.
AI Summary
Fat Brands Inc. announced on March 5, 2024, that it entered into a definitive agreement to acquire Foghorn Holdings, LLC, the parent company of Foghorn Brewhouse. The acquisition is expected to close in the second quarter of 2024. This move is part of Fat Brands' strategy to expand its casual dining portfolio.
Why It Matters
This acquisition allows Fat Brands to expand its presence in the casual dining sector and integrate a new brand into its growing portfolio.
Risk Assessment
Risk Level: medium — Acquisitions carry inherent risks related to integration, financial performance, and market reception.
Key Players & Entities
- Fat Brands Inc. (company) — Registrant
- Foghorn Holdings, LLC (company) — Target company
- Foghorn Brewhouse (company) — Brand owned by target company
- March 5, 2024 (date) — Date of earliest event reported
- second quarter of 2024 (date) — Expected closing period for acquisition
FAQ
What is the name of the company Fat Brands Inc. is acquiring?
Fat Brands Inc. is acquiring Foghorn Holdings, LLC, the parent company of Foghorn Brewhouse.
When is the acquisition expected to close?
The acquisition is expected to close in the second quarter of 2024.
What is the primary business of Foghorn Holdings, LLC?
Foghorn Holdings, LLC is the parent company of Foghorn Brewhouse, indicating it operates in the restaurant or hospitality sector.
What is the significance of this acquisition for Fat Brands Inc.?
This acquisition is part of Fat Brands' strategy to expand its casual dining portfolio.
What is the filing date of this Form 8-K?
The filing date of this Form 8-K is March 11, 2024, with the earliest event reported on March 5, 2024.
Filing Stats: 477 words · 2 min read · ~2 pages · Grade level 9.7 · Accepted 2024-03-11 16:53:45
Key Financial Figures
- $0.0001 — tered Class A Common Stock, par value $0.0001 per share FAT The Nasdaq Stock Mark
- $0.171875 — calendar month ending March 31, 2024 of $0.171875 per share. The cash dividend is payable
Filing Documents
- form8-k.htm (8-K) — 42KB
- 0001493152-24-009586.txt ( ) — 264KB
- fat-20240305.xsd (EX-101.SCH) — 4KB
- fat-20240305_def.xml (EX-101.DEF) — 27KB
- fat-20240305_lab.xml (EX-101.LAB) — 37KB
- fat-20240305_pre.xml (EX-101.PRE) — 25KB
- form8-k_htm.xml (XML) — 8KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. FAT Brands Inc. Date: March 11, 2024 /s/ Kenneth J. Kuick Kenneth J. Kuick Chief Financial Officer