From GlobeNewswire: 2025-01-16 19:10:00

FAT Brands Inc. announces the approval to distribute special stock dividend of shares of Twin Hospitality Group Inc. to common stockholders. The distribution will represent 5% of Twin Hospitality’s fully diluted shares and will commence trading on Nasdaq Global Market under the symbol “TWNP” on the distribution date. Fractional shares of Twin Common Stock will be sold in the open market. Holders of FAT Brands Warrants are reminded to exercise them before the record date to receive the distribution. The distribution does not require any action from FAT Brands common stockholders.

Investors are advised on the trading of FAT Brands Class A and Class B Common Stock before and after the distribution date, as shares will be traded separately on a “regular way” market. Financial advisors in this transaction are Clear Street, BTIG, Roth Capital Partners, and ICR Capital, with Greenberg Traurig, LLP serving as legal counsel. Twin Peaks, a subsidiary of FAT Brands, operates 115 restaurants in the US and Mexico with a focus on made-from-scratch food and a sports lodge concept.



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