Twin Hospitality Group Inc. Cancels $31.2M Debt, Issues 7.14M Shares to FAT Brands in Stock Exchange

Reuters

09 Jun

<a href="https://laohu8.com/S/TWNP">Twin Hospitality Group Inc</a>. Cancels $31.2M Debt, Issues 7.14M Shares to FAT Brands in Stock Exchange

On June 4, 2025, Twin Hospitality Group Inc. entered into an Exchange Agreement with FAT Brands Inc., exchanging liabilities for additional shares of Class A Common Stock. Twin Hospitality Group cancelled liabilities of $31,200,345 and issued 7,139,667 shares to FAT Brands at $4.37 per share.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Twin Hospitality Group Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001641172-25-014208), on June 09, 2025, and is solely responsible for the information contained therein.

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Cancels $31.2M Debt, Issues 7.14M Shares to FAT Brands in Stock Exchange","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      <a href=\"https://laohu8.com/S/TWNP\">Twin Hospitality Group Inc</a>. Cancels $31.2M Debt, Issues 7.14M Shares to FAT Brands in Stock Exchange\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        On June 4, 2025, Twin Hospitality Group Inc. entered into an Exchange Agreement with <a href=\"https://laohu8.com/S/FATAV\">FAT Brands Inc</a>., exchanging liabilities for additional shares of Class A Common Stock. Twin Hospitality Group cancelled liabilities of $31,200,345 and issued 7,139,667 shares to FAT Brands at $4.37 per share.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Twin Hospitality Group Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. 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Cancels $31.2M Debt, Issues 7.14M Shares to FAT Brands in Stock Exchange\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-06-09 18:01</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      <a href=\"https://laohu8.com/S/TWNP\">Twin Hospitality Group Inc</a>. 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ID: 0001641172-25-014208), on June 09, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FAT","symbol_name":"Fat Brands Inc","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250609:nNDL4dGdJs:1","article_id":"2542388016","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2542388016","pubTimestamp":1749463317,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"On June 4, 2025, Twin Hospitality Group Inc. entered into an Exchange Agreement with FAT Brands Inc., exchanging liabilities for additional shares of Class A Common Stock. Twin Hospitality Group cancelled liabilities of $31,200,345 and issued 7,139,667 shares to FAT Brands at $4.37 per share.Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Twin Hospitality Group Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission , on June 09, 2025, and is solely responsible for the information contained therein.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"FAT":"Fat Brands Inc","BK4209":"餐馆","TWNP":"Twin Hospitality Group Inc"},"translate_title":"Twin Hospitality Group Inc.取消3120万美元债务，并在证券交易所向FAT Brands发行714万股股票","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FAT":0.9,"TWNP":0.9},"content_text":"Twin Hospitality Group Inc. Cancels $31.2M Debt, Issues 7.14M Shares to FAT Brands in Stock Exchange\n    \n\n        On June 4, 2025, Twin Hospitality Group Inc. entered into an Exchange Agreement with FAT Brands Inc., exchanging liabilities for additional shares of Class A Common Stock. Twin Hospitality Group cancelled liabilities of $31,200,345 and issued 7,139,667 shares to FAT Brands at $4.37 per share.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Twin Hospitality Group Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001641172-25-014208), on June 09, 2025, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}