FAT Brands receives Nasdaq delisting notice after stock falls below $1 [Yahoo! Finance]
FAT Brands Inc. - Class B (FATBB)
Company Research
Source: Yahoo! Finance
FAT Brands received a delisting notice from Nasdaq after the company's stock price fell below $1.00 for 30 consecutive days, according to a Jan. 8 SEC filing. The company has 180 days (until July 7, 2026) to regain compliance — which would be achieved if the company's stock closed above $1.00 for 10 consecutive days — or it will face delisting from the Nasdaq stock market. The delisting notice was received less than two months after the parent company of Fazoli's, Round Table Pizza, and Fatburger received notices of debt acceleration from lenders and declared that bankruptcy was on the table for the struggling company. For years, FAT Brands has financed its growth and paid down debt largely through brand acquisitions, including Johnny Rockets in 2020, Global Franchise Group, Twin Peaks , Fazoli's and Native Grill & Wings in 2021, Smokey Bones in 2023, and the subsequent spin-off of Twin Peaks a year ago. Over the past six months, FAT Brands' stock price has plung
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