other material
confidence high
sentiment neutral
materiality 0.50
FAT Brands enters equity distribution agreement to sell up to $10.3M in common and preferred stock
Fat Brands, Inc
- Entered Equity Distribution Agreement with Noble Capital Markets for at-the-market offering of Class A common and Series B preferred stock.
- Maximum aggregate offering price of $10.335 million; Agent receives 3.0% commission on gross proceeds.
- Company not obligated to sell any shares; may terminate agreement with three business days notice.
- Prospectus supplement dated July 19, 2024; registration statement on Form S-3 effective since Feb 8, 2022.