FAT Brands sets Jan 27 record date for Twin Hospitality special stock dividend of 0.152 shares per share

Fat Brands, Inc

Record date Jan 27, 2025; distribution date Jan 29, 2025; Twin Common Stock to trade as 'TWNP' on Nasdaq.
Each share of FAT (FAT, FATBB) receives 0.1520207 share of Twin Common Stock; represents ~5% of Twin fully diluted shares.
Remaining ~95% of Twin Hospitality shares continue to be held by FAT Brands after distribution.
Warrants (FATBW) not exercised by record date will have exercise price adjusted downward from $2.2142.
No fractional shares; aggregated and sold, net cash proceeds distributed pro rata to shareholders.

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