Movers and SHAKERS
FAT Brands Inc. (FAT)
Supervoting B Shares Distributed
FAT Brands Inc is a multi-brand restaurant franchising company. It develops, markets, and acquires predominantly fast casual restaurant concepts. The company provides turkey burgers, chicken Sandwiches, chicken tenders, burgers, ribs, wrap sandwiches, and others. Its brand portfolio comprises Fatburger, Buffalo's Cafe and Express, and Ponderosa and Bonanza. The company's overall footprint covers nearly 32 countries. Fatburger generates maximum revenue for the company.
Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Class B Shares. FAT Brands has issued supervoting Class B shares to existing common stockholders. The issuance of the B shares will enable FAT Brands to use common stock in any future potential acquisition while still maintaining voting control of the Company.
Terms. Existing common shareholders received 1/10 of a B share (symbol FATBB) for each share of common held. The existing common are now A shares, but retain the FAT symbol. Each share of B has 2,000 votes while the A shares remain....
This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.