Fog Cutter Capital Group Inc. Extends Stockholder Rights Plan to Preserve Use of Net Operating Losses
FAT Brands Inc. (FAT)
US:NASDAQ Investor Relations:
ir.fatbrands.com
Company Research
Source: Business Wire
LOS ANGELES--(BUSINESS WIRE)-- Fog Cutter Capital Group Inc. (OTC:FCCG) (the “Company”), the parent company of FAT Brands Inc. (Nasdaq:FAT), today announced that on February 2, 2017, its Board of Directors adopted an amendment to the Company’s Rights Agreement, originally adopted on October 18, 2002 (the “Rights Plan”), to extend the “Final Expiration Date” under the Rights Plan to October 28, 2019. The amendment was adopted to preserve the value of significant tax assets associated with the Company’s tax net operating loss carryforwards under Section 382 of the Internal Revenue Code. Under the Rights Plan, stock purchase rights were originally distributed to holders of the Company’s common stock at the rate of one right for each share of common stock held of record as of the close of business on October 28, 2002. The Company currently has 7,954,928 issued and outstanding shares of common stock. “The Rig
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FAT
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FAT
Earnings
- 3/7/24 - Beat
FAT
Sec Filings
- 4/19/24 - Form 4
- 4/19/24 - Form 4
- 4/19/24 - Form 4
- FAT's page on the SEC website