LOS ANGELES–(BUSINESS WIRE)–FAT (Fresh. Authentic. Tasty.) Brands Inc. (“FAT Brands” or the “Company”) has completed its initial public offering under the National Securities Exchange Regulation A+ framework. The Company has successfully raised $24 million through the sale of 2,000,000 shares priced at $12.00 per share. FAT Brands expects the stock to begin trading on the Nasdaq under the ticker symbol “FAT” on October 23, 2017.
TriPoint Global Equities, LLC, working with its online division BANQ® (www.banq.co), was the lead managing selling agent and sole book runner for the offering. FAT Brands intends to make history by being the first Reg A+ Issuer listed on a National Securities Exchange to pay a dividend.
“The demand we’ve seen from the investment community and every day consumers looking to become shareholders of FAT Brands has been outstanding,” said Andy Wiederhorn, CEO and founder of FAT Brands. “With the proceeds raised from our IPO, we will be able to acquire new concepts and continue to grow our company globally under our asset-light model.”
“I am thrilled that FAT Brands’ offering was so well received by not only Wall Street, but also Main Street. TriPoint has been a pioneer in Regulation A+ and the JOBS Act for years, having developed a methodology that allows companies to reach a diverse audience of investors and trade on a National Securities Exchange,” said Mark Elenowitz, CEO of TriPoint. “FAT Brands leads us into an exciting new territory where iconic brands can offer fans the opportunity to not only be a customer, but to be a shareholder as well.”
For additional information on FAT Brands Inc., the offering and any other related topics, please review the Form 1-A offering circular that can be found at the following location (https://www.sec.gov/Archives/edgar/data/1705012/000149315217011171/partiiandiii.htm).
Fresh. Authentic. Tasty. Brands
FAT Brands is a leading global franchising company that strategically acquires, markets and develops fast casual and casual dining restaurant concepts around the world. The Company currently owns three restaurant brands that have more than 300 locations open and under development with an overall footprint in 18 countries.
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