--- schema_version: "secwatch.filing_event.v1" accession: "0001493152-26-029245" form_type: "8-K" ticker: "TWNPQ" cik: "0002011954" company_name: "Twin Hospitality Group Inc." filed_at: "2026-06-18T17:34:03+00:00" generated_at: "2026-06-18T17:35:07.527995+00:00" event_type: "other_material" sentiment: "negative" materiality_score: 0.9 calibrated_materiality_score: 0.9 confidence: "high" source: SEC EDGAR --- # FAT Brands and Twin Hospitality sell all assets in Chapter 11; total consideration ~$965M in credit bids and cash ## Summary - FAT Brands assets (Round Table Pizza, Fatburger, etc.) sold to FBG Bid Co. for ~$595M credit bid. - Twin Peaks assets sold to TWNPKS Bid Co. for ~$359.5M credit bid. - Hot Dog on a Stick sold for $8M cash to Amazing Brands; Elevation Burger sold for $2.5M cash to TABCO. - Sales closed June 5, 8, and 15, 2026; backup bidder for Round Table Pizza assets at $44M. - Chapter 11 cases filed Jan 26, 2026; sales approved by Bankruptcy Court on May 19, 2026. ## SEC filing metadata - accession: 0001493152-26-029245 - form_type: 8-K - ticker: TWNPQ - cik: 0002011954 - company_name: Twin Hospitality Group Inc. - filed_at: 2026-06-18T17:34:03+00:00 - event_type: other_material - sentiment: negative - materiality_score: 0.9 - calibrated_materiality_score: 0.9 - confidence: high - sec_items: 1.01, 2.01, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/2011954/000149315226029245/0001493152-26-029245-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1705012/000149315226029245/form8-k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001493152-26-029245 - JSON: https://secwatch.observer/filing/0001493152-26-029245.json - Plain text: https://secwatch.observer/filing/0001493152-26-029245.txt ## Key facts - M&A Transactions Twin Hospitality Group Inc. completed a disposition involving TWNPKS Bid Co. LLC for approximately $359.5 million (closed 2026-06-15). - Action: disposition - Counterparty: TWNPKS Bid Co. LLC - Consideration: approximately $359.5 million - Closing: 2026-06-15 source text: as declared the provisional winner of the EB Assets (as defined below), and TWNPKS Bid Co. LLC (“ TWNP Purchaser ”) was declared the provisional winner of the TWNP Assets (as defined below). evidence_url: https://www.sec.gov/Archives/edgar/data/2011954/000149315226029245/0001493152-26-029245-index.htm - M&A Transactions Twin Hospitality Group Inc. completed a disposition involving TABCO International Food Catering K.S.C.C. for $2,500,000 (closed 2026-06-15). - Action: disposition - Counterparty: TABCO International Food Catering K.S.C.C. - Consideration: $2,500,000 - Closing: 2026-06-15 source text: brand elements, including all franchising, licensing, and brand management activities conducted in connection therewith (the “ EB Assets ”) for cash in an amount equal to $2,500,000 and EB Purchaser’s assumption of certain liabilities set forth in the EB Purchase Agreement. In accordance with the applicable Sale Orders, on June 15, 2026, (i) the Company evidence_url: https://www.sec.gov/Archives/edgar/data/2011954/000149315226029245/0001493152-26-029245-index.htm - M&A Transactions Twin Hospitality Group Inc. completed a disposition involving FBG Bid Co. LLC for approximately $595 million (closed 2026-06-15). - Action: disposition - Counterparty: FBG Bid Co. LLC - Consideration: approximately $595 million - Closing: 2026-06-15 source text: all franchising, licensing, and brand management activities conducted in connection therewith (collectively, the “ FAT Brands Assets ”) for a credit bid of approximately $595 million, comprised of obligations arising under the debtor-in-possession financing facility and certain prepetition notes obligations, and FAT Brands Purchaser’s assumption of certain evidence_url: https://www.sec.gov/Archives/edgar/data/2011954/000149315226029245/0001493152-26-029245-index.htm - M&A Transactions Twin Hospitality Group Inc. completed a disposition involving Amazing Brands, LLC for $8,000,000 (closed 2026-06-05). - Action: disposition - Counterparty: Amazing Brands, LLC - Consideration: $8,000,000 - Closing: 2026-06-05 source text: brand elements, including all franchising, licensing, and brand management activities conducted in connection therewith (the “ HDOS Assets ”) for cash in an amount equal to $8,000,000 and HDOS Purchaser’s assumption of certain liabilities set forth in the HDOS Purchase Agreement; and (ii) that certain Asset Purchase Agreement (the “ EB Purchase Agreement ”) by evidence_url: https://www.sec.gov/Archives/edgar/data/2011954/000149315226029245/0001493152-26-029245-index.htm - Material Agreements Twin Hospitality Group Inc. entered into TWNP Purchase Agreement with TWNPKS Bid Co. LLC valued at credit bid of approximately $359.5 million, comprised of obligations arising under the debtor-in-pos (effective 2026-06-15). - Action: entry - Agreement: asset purchase - Counterparty: TWNPKS Bid Co. LLC - Value: credit bid of approximately $359.5 million, comprised of obligations arising under the debtor-in-pos - Effective: 2026-06-15 source text: ) with TWNP, Twin Hospitality I, LLC, and the other Seller parties identified therein (collectively, the " TWNP Sellers "), and TWNP Purchaser, pursuant to which the TWNP Sellers agreed to sell the business and operations of restaurants, bars, and entertainment (whether owned or franchised) under the "Twin Peaks" name and all related trademarks and proprietary brand elements, including all franchising, licensing, and brand management activities conducted in connection therewith (the " TWNP Assets ") for a credit bid of approximately $359.5 million, comprised of obligations arising under the debtor-in-possession financing facility and certain prepetition obligations of the Debtors under their securitization notes, and TWNP Purchaser's assumption of certain liabilities set forth in the TWNP Purchase Agreement evidence_url: https://www.sec.gov/Archives/edgar/data/2011954/000149315226029245/0001493152-26-029245-index.htm - Material Agreements Twin Hospitality Group Inc. entered into HDOS Purchase Agreement with Amazing Brands, LLC valued at cash in an amount equal to $8,000,000 and assumption of certain liabilities (effective 2026-05-19). - Action: entry - Agreement: asset purchase - Counterparty: Amazing Brands, LLC - Value: cash in an amount equal to $8,000,000 and assumption of certain liabilities - Effective: 2026-05-19 source text: on the Sale Order Date, the Company entered into the following Purchase Agreements: (i) that certain Asset Purchase Agreement (the " HDOS Purchase Agreement ") by and among the Company, HDOS Acquisition, LLC, HDOS Brand and Marketing Fund, LLC, HDOS Franchise Brands, LLC, HDOS Franchising, LLC, HDOS Showcase, LLC, FAT Brands Development 1 LLC (collectively, the " HDOS Sellers "), and HDOS Purchaser, pursuant to which the HDOS Sellers agreed to sell the business and operations of restaurants (whether owned or franchised) under the "Hot Dog on a Stick" name and all primarily related trademarks and proprietary brand elements, including all franchising, licensing, and brand management activities conducted in connection therewith (the " HDOS Assets ") for cash in an amount equal to $8,000,000 and HDOS Purchaser's assumption of certain liabilities set forth in the HDOS Purchase Agreement evidence_url: https://www.sec.gov/Archives/edgar/data/2011954/000149315226029245/0001493152-26-029245-index.htm - Material Agreements Twin Hospitality Group Inc. entered into FAT Brands Purchase Agreement with FBG Bid Co. LLC valued at credit bid of approximately $595 million, comprised of obligations arising under the debtor-in-posse (effective 2026-06-15). - Action: entry - Agreement: asset purchase - Counterparty: FBG Bid Co. LLC - Value: credit bid of approximately $595 million, comprised of obligations arising under the debtor-in-posse - Effective: 2026-06-15 source text: ) by and among the Company, FAT Brands Royalty I, LLC, FAT Brands GFG Royalty I, LLC, FAT Brands Fazoli's Native I, LLC, and the other Seller parties identified therein (collectively, the " FAT Brands Sellers "), and FAT Brands Purchaser, pursuant to which the FAT Brands Sellers agreed to sell the business and operations of restaurants, bars, and entertainment (whether owned or franchised) under the "Round Table Pizza", "Fatburger", "Marble Slab Creamery", "Johnny Rockets", "Fazoli's", "Great American Cookies", "Buffalo's Cafe", "Buffalo's Express", "Hurricane Grill & Wings", "Pretzelmaker", "Native Grill & Wings", "Yalla Mediterranean", "Ponderosa Steakhouse" and "Bonanza Steakhouse" brands and all related trademarks and proprietary brand elements, including all franchising, licensing, and brand management activities conducted in connection therewith (collectively, the " FAT Brands Assets ") for a credit bid of approximately $595 million, comprised of obligations arising under the deb evidence_url: https://www.sec.gov/Archives/edgar/data/2011954/000149315226029245/0001493152-26-029245-index.htm - Material Agreements Twin Hospitality Group Inc. entered into EB Purchase Agreement with TABCO International Food Catering K.S.C.C. valued at cash in an amount equal to $2,500,000 and assumption of certain liabilities (effective 2026-05-19). - Action: entry - Agreement: asset purchase - Counterparty: TABCO International Food Catering K.S.C.C. - Value: cash in an amount equal to $2,500,000 and assumption of certain liabilities - Effective: 2026-05-19 source text: (ii) that certain Asset Purchase Agreement (the " EB Purchase Agreement ") by and among the Company and EB Franchises, LLC (together, " EB Seller "), and EB Purchaser, pursuant to which the EB Seller agreed to sell the business and operations of restaurants (whether owned or franchised) under the "Elevation Burger" brand and all related trademarks and proprietary brand elements, including all franchising, licensing, and brand management activities conducted in connection therewith (the " EB Assets ") for cash in an amount equal to $2,500,000 and EB Purchaser's assumption of certain liabilities set forth in the EB Purchase Agreement evidence_url: https://www.sec.gov/Archives/edgar/data/2011954/000149315226029245/0001493152-26-029245-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.