FAT Brands Commences Voluntary Chapter 11 Proceedings In U.S. Bankruptcy Court
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FAT Brands Inc. has voluntarily filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the Southern District of Texas. The company operates 18 restaurant concepts with over 2,200 locations globally, including well-known brands like Fatburger and Johnny Rockets. Despite the proceedings, these brands will continue to operate normally. FAT Brands' securities will remain trading on NASDAQ, with a 'Q' suffix added to the ticker symbol to indicate the bankruptcy status.
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