CommPRO Editorial Staff
FAT Brands has successfully completed its Reg A+ IPO to Nasdaq, raising $24M by selling 2,000,000 shares at $12.00 per share. As of Monday, the company is now trading under ticker symbol “FAT” (Fresh, Authentic, Tasty).
With the successful raise, FAT Brands added 120 new stores to the company’s diverse portfolio with the $10.5 million acquisition of Ponderosa Steakhouse and Bonanza Steakhouse. With the strong profit margins and attractive free cash flow provided by its asset-light franchisor model, the company plans to offer investors a 4% annualized dividend paid out quarterly — a first for Reg A+ IPOs.
Now that FAT Brands is public, it’s not too late to get involved! For additional information on FAT Brands Inc., the offering, and any other related topics, please visit the FAT Brands Investor Relations page at ir.fatbrands.com.