FAT Brands reports 2024 dividends 100% return of capital; warrant exercise price adjusted to $2.2142

Fat Brands, Inc

All 2024 quarterly dividends on Class A and Class B common stock ($0.14 per share each) classified as 100% return of capital.
Monthly dividends on Series B Preferred ($0.171875 per share) also 100% return of capital; total $2.0625 per share for 2024.
Warrant exercise price reduced from $5.00 to $2.2142 per share over four adjustments tied to dividend payments.
No ordinary income or capital gain portion reported for any dividend in the fiscal year.

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