Slideshow Preferred Stock Offerings

By Preferred Stock Channel Staff, updated Sat, May 21, 9:11 AM

Slide #42. FAT Brands Inc. Preferred Stock Offering

Company: FAT Brands Inc. (NASDAQ:FAT)
Date announced: 6/17/2021
Shares Offered: 400,000
Date of Pricing: 6/17/2021
Price Per Share: $20.00
Preferred Stock Offering Details: FAT (Fresh. Authentic. Tasty.) Brands Inc. (NASDAQ: FAT, FATBP, FATBW), a leading global franchising company and parent company of iconic brands including Fatburger, Johnny Rockets, and seven other restaurant concepts, today announced the pricing of an underwritten public offering of 400,000 shares of 8.25% Series B Cumulative Preferred Stock at a price to the public of $20.00 per share. The gross proceeds to the Company are expected to be $8,000,000 prior to deducting underwriting discounts and estimated offering expenses. The Company has also granted to the underwriters a 45-day option to acquire an additional 60,000 shares of 8.25% Series B Cumulative Preferred Stock to cover over-allotments, if any.

FAT Brands is a holding company. Through its subsidiaries, Co. is engaged in multi-brand restaurant franchising. Co.'s restaurant brands: Fatburger, which serves a variety of burgers, French fries, onion rings, soft-drinks and milkshakes; Johnny Rockets, which is an international restaurant franchise; Buffalo's Cafe, which provides chicken wings; Ponderosa and Bonanza Steakhouse, which provides a range of steak, chicken and seafood entrees; Hurricane Grill & Wings, which is a tropical beach themed casual dining restaurant; Yalla Mediterranean, which provides Mediterranean cuisine; and Elevation Burger, which is a fast-casual burger, fries, and shakes chain.
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FAT Brands Inc
Hotels, Lodging, Restaurants & Travel
Number of ETFs Holding FAT: 
3 (see which ones)
Total Market Value Held by ETFs: 
Total Market Capitalization: 
% of Market Cap. Held by ETFs: 

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Preferred Stock Offerings - Slide 42 of 581 |

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