FAT Brands enters ATM equity facility for up to $21.4M in Class A Common and Series B Preferred

Fat Brands, Inc

Entered into ATM Sales Agreement with ThinkEquity to sell up to $21,435,000 of Class A Common Stock and/or 8.25% Series B Cumulative Preferred Stock
Sales will be made at-the-market; Agent receives 3.0% commission on gross proceeds
Company not obligated to sell any shares; may terminate agreement with 10 days' notice
Offering registered under existing S-3 shelf (File No. 333-261365), effective Feb 8, 2022; prospectus supplement filed Nov 14, 2022
No financial impact disclosed; capital raising for general corporate purposes implied

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Fat Brands, Inc entered into Sales Agreement with ThinkEquity LLC valued at up to $21,435,000 maximum aggregate offering price (effective 2022-11-14).

Action: entry
Agreement: atm program
Counterparty: ThinkEquity LLC
Value: up to $21,435,000 maximum aggregate offering price
Effective: 2022-11-14

Exact text from the filing

On November 14, 2022, FAT Brands Inc., a Delaware corporation (the “Company”), entered into an ATM Sales Agreement (the “Sales Agreement”) with ThinkEquity LLC (the “Agent”), pursuant to which the Company may offer and sell from time to time through the Agent up to $21,435,000 maximum aggregate offering price of shares

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Fat Brands, Inc filing history →

Source: SEC EDGAR

accession 0001493152-22-031583

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