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FAT Brands surges on plan to merge with controlling shareholder Fog Cutter Capital

Dec. 11, 2020 6:24 AM ETFAT Brands Inc. (FAT), FATBP, FCCGBy: Niloofer Shaikh, SA News Editor18 Comments
  • FAT Brands (NASDAQ:FAT) to combine with Fog Cutter Capital Group (OTCPK:FCCG), the company’s controlling stockholder. Shares are up 94% premarket.
  • The merger will aid FAT Brands with increased financial flexibility and simplified corporate structure. Fog Cutter holds more than $100M of NOLs - with the merger, they

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Comments (18)

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CadillacStyle03 profile picture

What’s going on today???

W
do I get 0.2319 FATBP if I buy FAT Dec. 22?

The announcement says Record date Dec. 21. however, the FAT trading does not reflect that dividend
CadillacStyle03 profile picture
@Wit mail highly doubt you would.
W
@CadillacStyle03 why? from its price, there was no drop in price on that ex dividend date. that dividend is about $4-$5. very big
CadillacStyle03 profile picture
@Wit mail the record date is exactly what it says it is.
johnny inca profile picture
Sooooooo...what happens to the common?
CadillacStyle03 profile picture
@johnny inca all I know is I’m getting a pretty decent special dividend.
johnny inca profile picture
@CadillacStyle03 Yes, that's true. But it appears you will then be a shareholder in a private enterprise and there will be no market for your common shares.
CadillacStyle03 profile picture
@johnny inca well if you have exposure to the capital markets to sell your fat brands common stock let’s just say December 28 this year you will have long your dividend in and still have the ability to sell your shares.

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