FAT Brands Inc.’s (FAT) Quiet Period Will Expire on December 4th
FAT Brands’ (NASDAQ:FAT) quiet period will expire on Monday, December 4th. FAT Brands had issued 2,000,000 shares in its public offering on October 23rd. The total size of the offering was $24,000,000 based on an initial share price of $12.00. During the company’s quiet period, insiders and underwriters involved in the IPO are prevented from issuing any research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.
Separately, R. F. Lafferty increased their price objective on FAT Brands from $12.50 to $14.40 and gave the stock a “buy” rating in a report on Tuesday, November 21st.
FAT Brands (NASDAQ:FAT) opened at $9.39 on Friday. FAT Brands has a 52-week low of $8.00 and a 52-week high of $13.99.
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