Twin Hospitality Group Inc. 8K

FAT Brands Inc. and affiliates entered into a court-supervised asset purchase and reorganization agreement to sell substantially all assets of their multi-brand restaurant business to FBG Bid Co. LLC under Chapter 11, with the deal structured to qualify largely as a tax-free reorganization.

On June 15, 2026, FAT Brands Inc. and various affiliated debtor subsidiaries, operating a multi-brand restaurant franchising business and currently in Chapter 11 proceedings in the Southern District of Texas, entered into an Asset Purchase Agreement and Plan of Reorganization with FBG Bid Co. LLC under Bankruptcy Code sections 105, 363 and 365, pursuant to which the buyer will acquire substantially all assets and assume specified liabilities associated with the ‘Transferred Business’ (including intellectual property, franchise agreements, leases, inventory, cash in specified trust accounts, and equity interests in certain subsidiaries) free and clear of liens, while leaving behind defined excluded assets and liabilities, and the parties intend that, for U.S. federal income tax purposes, the overall transaction (other than specified Fazoli’s-related transfers) will qualify as a tax-free reorganization under IRC Section 368(a).

Filing Facts

CIK

2011954

Ticker

-

Form

8K

Source Type

sec

Accession

0001493152-26-029245

Alert Tier

8