On January 16, 2025, FAT Brands Inc.(FAT) announced a spin-off of the operating unit for its Twin Peaks and Smokey Bones restaurant brands, Twin Hospitality Group Inc. The EX distribution when-issued markets of FAT Brands Inc. (FATAV & FATBV) and the when-issued market for Twin Hospitality Group Inc. Class A Common Stock (TWNPV) will begin trading on Nasdaq on Tuesday, January 28th, 2025. The details for the spin-off and when-issued markets are as follows:
Parent Company/Issue: | FAT Brands Inc. Class A Common Stock |
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CUSIP: | 30258N105 |
Symbol: | FAT |
Record Date: | January 27, 2025 |
Payment Date: | January 29, 2025 |
EX Date: | January 30, 2025 |
Due Bill Redemption Date: | January 30, 2025 |
Ratio of Spin-Off/ Distribution: | 0.1520207 of a share of Twin Hospitality Group Inc. Class A Common Stock (TWNP) for each share of FAT Brands Inc.(FAT) held. |
Parent Company/Issue: | FAT Brands Inc. Class B Common Stock |
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CUSIP: | 30258N600 |
Symbol: | FATBB |
Record Date: | January 27, 2025 |
Payment Date: | January 29, 2025 |
EX Date: | January 30, 2025 |
Due Bill Redemption Date: | January 30, 2025 |
Ratio of Spin-Off/ Distribution: | 0.1520207 of a share of Twin Hospitality Group Inc. Class A Common Stock (TWNP) for each share of FAT Brands Inc. Class B Common Stock (FATBB) held. |
An EX distribution when issued markets will be established for FAT Brands Inc.(FAT). Trades in the EX distribution when issued market will not carry due-bills for the spin off/distribution. The details for the EX distribution when-issued markets are as follows:
Symbol: | FATAV |
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CUSIP: | 30258N147 |
First Trade Date: | January 28, 2025 |
Anticipated Suspension Date: | January 30, 2025 |
Settlement Date: | January 31, 2025 |
Symbol: | FATBV |
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CUSIP: | 30258N154 |
First Trade Date: | January 28, 2025 |
Anticipated Suspension Date: | January 30, 2025 |
Settlement Date: | January 31, 2025 |
A when-issued market will be established for the shares of Twin Hospitality Group Inc. Class A Common Stock (TWNPV). The symbol will change to TWNP on that date. The details for the when issued market are as follows:
Symbol: | TWNPV |
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CUSIP: | 901643106 |
First Trade Date: | January 28, 2025 |
Regular Way Trading Begins: | January 30, 2025 |
Settlement Date: | January 31, 2025 |
For information regarding this announcement, contact Nasdaq Corporate Data Operations at +1 877 308 0523.
If you would like to register as a market maker in FATAV, FATBV or TWNPV contact Nasdaq Trading Services at +1 212 231 5100..