---
schema_version: "secwatch.filing_event.v1"
accession: "0001789940-24-000148"
form_type: "8-K"
ticker: "FWRG"
cik: "0001789940"
company_name: "First Watch Restaurant Group, Inc."
filed_at: "2024-11-12T23:59:59+00:00"
generated_at: "2026-05-30T02:05:48.930392+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# First Watch to acquire 16 franchise restaurants in Carolinas for $49M

## Summary
- Acquiring 15 franchise restaurants plus one under development in NC/SC for $49M on cash-free, debt-free basis.
- Transaction includes development rights; closing expected by mid-April 2025, subject to customary conditions.
- Acquisition to be funded through cash on hand and available borrowings under credit facility.
- Second largest franchisee deal in history; total 45 franchise restaurants acquired since May 2023.

## SEC filing metadata
- accession: 0001789940-24-000148
- form_type: 8-K
- ticker: FWRG
- cik: 0001789940
- company_name: First Watch Restaurant Group, Inc.
- filed_at: 2024-11-12T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1789940/000178994024000148/0001789940-24-000148-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1789940/000178994024000148/fwrg-20241108.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001789940-24-000148
- JSON: https://secwatch.observer/filing/0001789940-24-000148.json
- Plain text: https://secwatch.observer/filing/0001789940-24-000148.txt

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