FAT Brands (NASDAQ: FAT) rang the NASDAQ opening bell this morning following its successful Reg A+ initial public offering (IPO). The offering was launched this summer with a goal of raising $20 million. The IPO closed on Friday, October 27, exceeding its target by raising $24 million through the sale of two million shares priced at $12.00 per share. Operating with its online division BANQ®, TriPoint Global Equities, LLC acted as the lead managing selling agent and sole book runner for the offering. Additionally, the company aims be the first Reg A+ Issuer listed on a National Securities Exchange to pay a dividend. “With the proceeds raised from our IPO, we will be able to acquire new concepts and continue to grow our company globally under our asset-light model,” FAT Brands CEO and founder Andy Wiederhorn stated in the news release.
To view the full press release, visit: http://nnw.fm/8pIi7
About FAT Brands
Fresh Authentic Tasty (FAT) Brands is a global franchising company that strategically acquires, markets and develops fast casual and casual dining restaurant concepts around the world. The company currently owns three restaurant brands that have more than 300 locations open and under development with an overall footprint in 18 countries. For more information, visit the company’s website at www.fatbrands.com.
More from NetworkNewsBreaks
About NetworkNewsWire
NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
For more information please visit https://www.networknewswire.com
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
NetworkNewsWire (NNW)
New York, New York
www.networknewswire.com
212.418.1217 Office
Editor@NetworkNewsWire.com
