secwatch.observer — SEC 8-K summary
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Issuer:     Twin Hospitality Group Inc. (TWNPQ)
CIK:        0002011954
Form:       8-K
Filed at:   2025-06-09T23:59:59+00:00
Accession:  0001641172-25-014208
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 3.02
LLM model:  deepseek-v4-flash:cloud@v2

Twin Hospitality converts $31.2M debt to equity, issues 7.14M shares at $4.37
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- Cancelled $31,200,345 in liabilities due to FAT Brands and issued 7,139,667 Class A shares at $4.37/share.
- Share price set at greater of prior-day closing or five-day average closing price preceding June 4, 2025.
- Transaction exempt from registration under Sections 3(a)(9) and 4(a)(2) and Rule 506 of Securities Act.
- Reduces debt but dilutes existing equity by approximately 7.14 million shares.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2011954/000164117225014208/0001641172-25-014208-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2011954/000164117225014208/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-014208

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