Fat Brands Inc. and its subsidiaries, including Twin Hospitality Group Inc., completed the sale of substantially all assets following Chapter 11 bankruptcy proceedings initiated on January 26, 2026. The U.S. Bankruptcy Court for the Southern District of Texas approved the asset sales on May 19, 2026, with filings on June 18, 2026 confirming completion of the transaction across multiple ticker symbols including FATPQ, TWNPQ, FABTQ, and FATAQ.

Elsewhere in the small-cap markets this week, Rocket Pharmaceuticals sold its Rare Pediatric Disease Priority Review Voucher on June 10, 2026 for $180 million in gross proceeds, while Ashford Hospitality Trust disposed of two hotel properties totaling approximately $56.6 million in combined cash proceeds. Additional business combinations included Rumble Inc. acquiring approximately 85.2% of Northern Data AG on June 17, 2026 through an exchange offer, and DATZ World Holdings Corp. completing its merger with RagingBull.com, LLC on June 8, 2026.

This commentary is for informational purposes only and is not investment advice.