---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-25-004252"
form_type: "8-K"
ticker: "FATAQ"
cik: "0001705012"
company_name: "Fat Brands, Inc"
filed_at: "2025-01-30T23:59:59+00:00"
generated_at: "2026-05-27T05:37:42.301217+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# FAT Brands completes spin-off of Twin Hospitality; distributes 5% stake to shareholders

## Summary
- On Jan 29, 2025, FAT Brands completed the spin-off of Twin Hospitality (TWNP) via a pro rata distribution of 5.0% of Twin shares to FAT stockholders as of Jan 27.
- Stockholders received 0.1520207 shares of Twin Class A common per FAT Class A or B share held; Twin started trading on Nasdaq under TWNP.
- FAT Brands retained approx. 80.1% ownership in Twin; entered Master Separation and Tax Matters Agreements on Jan 24 to govern ongoing relationship.
- Master Separation Agreement includes registration rights, anti-dilution option, cross-indemnities, and employee non-solicit for 2 years.
- Tax Matters Agreement allocates tax liabilities and provides for potential future additional distributions of remaining Twin shares.

## SEC filing metadata
- accession: 0001493152-25-004252
- form_type: 8-K
- ticker: FATAQ
- cik: 0001705012
- company_name: Fat Brands, Inc
- filed_at: 2025-01-30T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1705012/000149315225004252/0001493152-25-004252-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1705012/000149315225004252/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-25-004252
- JSON: https://secwatch.observer/filing/0001493152-25-004252.json
- Plain text: https://secwatch.observer/filing/0001493152-25-004252.txt

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