---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-033624"
form_type: "8-K"
ticker: "FATAQ"
cik: "0001705012"
company_name: "Fat Brands, Inc"
filed_at: "2023-09-26T23:59:59+00:00"
generated_at: "2026-06-10T08:43:51.574118+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# FAT Brands acquires Smokey Bones for $30M cash; expects ~$10M annual adjusted EBITDA increase

## Summary
- Acquired Smokey Bones Bar & Fire Grill (61 locations) from Sun Capital affiliate for $30M cash on Sept 25, 2023.
- Purchase funded from existing securitization facilities; deal expected to add ~$10M to annual adjusted EBITDA.
- Expands polished dining segment alongside Twin Peaks; first barbecue brand in FAT Brands' 17-concept portfolio.
- Financial statements and pro forma information to be filed as an amendment within 71 days.

## SEC filing metadata
- accession: 0001493152-23-033624
- form_type: 8-K
- ticker: FATAQ
- cik: 0001705012
- company_name: Fat Brands, Inc
- filed_at: 2023-09-26T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1705012/000149315223033624/0001493152-23-033624-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1705012/000149315223033624/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-033624
- JSON: https://secwatch.observer/filing/0001493152-23-033624.json
- Plain text: https://secwatch.observer/filing/0001493152-23-033624.txt

## Key facts
- Material Agreements
  Fat Brands, Inc entered into Stock Purchase Agreement with Barbeque Holding, LLC valued at $30,000,000 (effective 2023-09-25).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Barbeque Holding, LLC
  - Value: $30,000,000
  - Effective: 2023-09-25
  source text: On September 25, 2023, FAT Brands Inc. (the “ Company ”) acquired the Smokey Bones Bar & Fire Grill restaurant chain (“ Smokey Bones ”) from Barbeque Holding, LLC (the “ Seller ”), an affiliate of Sun Capital Partners, Inc., pursuant to a Stock Purchase Agreement (the “ Purchase Agreement ”) dated September 25, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1705012/000149315223033624/0001493152-23-033624-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.