Nasdaq to Delist Fat Brands Securities Following Chapter 11 Bankruptcy Filing

summarizeSummary

Fat Brands, Inc. announced that Nasdaq will delist its securities on February 4, 2026, due to its recent Chapter 11 bankruptcy filing, with no appeal planned.

check_boxKey Events

• Nasdaq Delisting Notice Received

  On January 28, 2026, Fat Brands, Inc. received a formal delisting notice from Nasdaq, citing the company's Chapter 11 bankruptcy filing, public interest concerns, and issues with residual equity interest and continued listing compliance.

• Trading Suspension Imminent

  Trading of the company's Class A Common Stock (FAT), Class B Common Stock (FATBB), and Series B Cumulative Preferred Stock (FATBP) will be suspended at the opening of business on February 4, 2026.

• No Appeal Intended

  The company explicitly stated it does not intend to appeal Nasdaq's determination, confirming the delisting will proceed as scheduled.

• Transition to Pink Limited Market

  Following delisting, the securities are expected to commence trading on the Pink Limited Market, a significantly less liquid and transparent market compared to Nasdaq.

auto_awesomeAnalysis

Fat Brands, Inc. has received official notification from Nasdaq regarding the delisting of its Class A Common Stock, Class B Common Stock, and Series B Cumulative Preferred Stock. This action is a direct consequence of the company's Chapter 11 bankruptcy filing on January 26, 2026, as previously disclosed. The delisting, effective February 4, 2026, will significantly reduce liquidity and transparency for investors, as the securities are expected to move to the less regulated Pink Limited Market. The company's decision not to appeal underscores the severity of its financial distress and the high likelihood of substantial or complete loss for existing shareholders, as explicitly warned in the filing.