LOS ANGELES–(BUSINESS WIRE)–FAT (Fresh. Authentic. Tasty.) Brands Inc. (“FAT Brands” or the “Company”) announces it has selected Nasdaq Stock Market for the listing of its upcoming $24 million Regulation A+ initial public offering, subject to eligibility requirements. The Company has filed Form 1-A with the Securities and Exchange Commission (SEC) relating to the proposed initial public offering of its common stock under the recently amended provisions of Regulation A+ pursuant to the Jumpstart Our Business Startups (JOBS) Act of 2012, which can be viewed at https://www.sec.gov/spotlight/jobs-act.shtml. The Company is offering 2,000,000 shares at $12.00 per share. FAT Brands has applied to list its common stock on the Nasdaq under the ticker symbol “FAT.”
“Our Nasdaq listing will provide us with great visibility for the Company amongst potential shareholders, loyal followers and the general public, who will soon be able to play a direct role in our continued growth.”
TriPoint Global Equities, LLC, working with its online division BANQ® (www.banq.co), will act as 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 Company seeks to raise up to $24 million in its IPO under Regulation A+, and intends to use the proceeds from the offering for key corporate purposes including brand acquisitions, working capital, domestic and international expansion and retirement of existing debt.
Individuals interested in learning more about the FAT Brands Regulation A+ investment opportunity can register an indication of interest by visiting www.banq.co/listings/fat.
“Listing on the Nasdaq has been a major goal of ours since the beginning of our journey toward becoming a publicly traded entity,” said FAT Brands Founder and CEO Andy Wiederhorn. “Our Nasdaq listing will provide us with great visibility for the Company amongst potential shareholders, loyal followers and the general public, who will soon be able to play a direct role in our continued growth.”
Fresh. Authentic. Tasty. Brands
FAT Brands is a leading global franchising company that strategically develops fast casual and casual dining restaurants around the world. The Company currently owns two restaurant brands that have more than 200 locations open and under development with an overall footprint in 18 countries, and has agreed to acquire two additional restaurant brands with 120 locations.
About Fatburger
An all-American, Hollywood favorite, Fatburger is a fast casual restaurant serving big, juicy, tasty burgers, crafted specifically to each customer’s liking. With a legacy spanning 70 years, Fatburger’s extraordinary quality and taste inspire fierce loyalty amongst its fan base, which includes a…