Fog Cutter Holdings Amends Fat Brands Stake

TL;DR

Fog Cutter Holdings filed an update on their Fat Brands stake - could be a move.

AI Summary

Fog Cutter Holdings, LLC, a significant shareholder, filed an amendment to its Schedule 13D on September 26, 2024, regarding its holdings in Fat Brands Inc. The filing indicates a change in beneficial ownership, though specific details on the nature or extent of the change are not provided in this excerpt. The filing is an amendment, suggesting ongoing activity or adjustments to their investment strategy in Fat Brands Inc.

Why It Matters

This amendment signals potential shifts in control or strategy for Fat Brands Inc., which could impact its stock performance and future business decisions.

Risk Assessment

Risk Level: medium — Amendments to Schedule 13D filings often indicate significant changes in a major shareholder's position, which can lead to increased volatility.

Key Players & Entities

• Fog Cutter Holdings, LLC (company) — Filing entity
• Fat Brands Inc. (company) — Subject company
• 9720 Wilshire Blvd., Suite 500 Beverly Hills, CA 90212 (address) — Business address for Fog Cutter Holdings, LLC
• 310-319-1850 (phone_number) — Contact number for Fog Cutter Holdings, LLC

FAQ

Key Financial Figures

• $0.0001 — ares of Class A Common Stock, par value $0.0001 per share (“ Class A Common Stock
• $4.6705 — ss B Common Stock in the open market at $4.6705 per share on August 15, 2024, and (ii)
• $7.234 — n market at a weighted average price of $7.234 per share on August 30, 2023. On June 2

Filing Documents

• formsc13da.htm (SC 13D/A) — 52KB
• 0001493152-24-038334.txt ( ) — 53KB

From the Filing

SC 13D/A 1 formsc13da.htm UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 4) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO § 240.13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO 240.13d-2(a) FAT BRANDS INC. (Name of Issuer) Class A Common Stock Class B Common Stock (Title of Class of Securities) Class A Common Stock: 30258N105 Class B Common Stock: 30258N600 (CUSIP Number) Fog Cutter Holdings, LLC 9720 Wilshire Blvd., Suite 500 Beverly Hills, CA 90212 (310) 319-1850 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) August 15, 2024 (Date of Event Which Requires Filing of This Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box . The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosure provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). Class A CUSIP No. 30258N105 Class B CUSIP No. 30258N600 Schedule 13D Page 2 of 4 pages 1. Names of reporting person Fog Cutter Holdings, LLC 2. Check the appropriate box if a member of a group (a) (b) 3. SEC use only 4. Source of funds N/A 5. Check box if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e) 6. Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with 7. Sole voting power Class A Common Stock – 7,015,249 Class B Common Stock – 707,534 8. Shared voting power Class A Common Stock – 0 Class B Common Stock – 0 9. Sole dispositive power Class A Common Stock – 7,015,249 Class B Common Stock – 707,534 10. Shared dispositive power Class A Common Stock – 0 Class B Common Stock – 0 11. Aggregate amount beneficially owned by each reporting person Class A Common Stock – 7,015,249 Class B Common Stock – 707,534 12. Check if the aggregate amount in Row (11) excludes certain shares 13. Percent of class represented by amount in Row (11) Class A Common Stock – 44.6% (1) Class B Common Stock – 55.7% (1) 14. Type of reporting person PN (1) Represents the percentage held of the applicable class of securities. Under the Issuer’s Certificate of Incorporation, each share of Class A Common Stock is entitled to one vote per share, and each share of Class B Common Stock is entitled to 2,000 votes per share, on all matters submitted to a vote or for the consent of the stockholders of the Issuer. Class A CUSIP No. 30258N105 Class B CUSIP No. 30258N600 Schedule 13D Page 3 of 4 pages This Amendment No. 4 (“ Amendment No. 3 ”) to Schedule 13D amends and supplements the Schedule 13D originally filed with the Securities and Exchange Commission by the Reporting Person on January 5, 2021, as amended on March 5, 2021, December 20, 2022 and February 24, 2023 (as so amended, the “ Schedule 13D ”), as specifically set forth herein. Capitalized terms used herein but not defined herein shall have the meanings ascribed to them in the Schedule 13D. Item 1. Security and Issuer This A Common Stock ”), and Class B Common Stock, par value $0.0001 per share (“ Class B Common Stock ”, and together with the Class A Common Stock, “ Common Stock ”), of FAT Brands Inc., a Delaware corporation (the “ Issuer ”). The principal executive offices of the Issuer are located at 9720 Wilshire Blvd., Suite 500, Beverly Hills, CA 90212. Item 5. Interest in Securities of the Issuer Item 5 of Schedule 13D is hereby amended and restated in its entirety to read as follows: (a) - (c) Fog Cutter Holdings, LLC purchased (i) 1,000 additional shares of Class B Common Stock in the open market at $4.6705 per share on August 15, 2024, and (ii) 1,000 additional shares of Class A Common Stock in the open market at a weighted average price of $7.234 per share on August 30, 2023. On June 27, 2023, a warrant held by Fog Cutter Holdings, LLC to purchase 19,148 shares of Class A Common Stock expired unexercised. As of September 26, 2024, Fog Cutter Holdings, LLC beneficially owned: (i) 7,015,249 shares of

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View this SC 13D/A filing on SEC EDGAR