Fat Brands, Inc (FATBB) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: November 12, 2025

Risk Assessment Details

Potential Dilution: 12.65% of current shares
Recent Dilution: 10.18% (2 years)
Historical Dilution Factor: moderate recent dilution
Outstanding Shares
18M
Potential Supply
2.3M
Additional shares possible
Splits
None
Past 2 years

Summary

FATBB currently has 17.9M outstanding shares. with limited dilution risk as only 2.26M additional shares (12.7%) are authorized for issuance. The company has diluted shareholders by 10.18% over the past 2 years through share issuances.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Nov 12, 2025

10-Q filing | 17.9M shares outstanding

18M 2.3M
Oct 09, 2025

8-K filing: FAT Brands Inc. and certain of its current and former directors and officers entered into a settlement agreement with stockholders of the Company to resolve two lawsuits brought derivatively on behalf of the Company, resulting in Fog Cutter Holdings LLC contributing 200,000 shares of Twin Hospitality Group Inc. to the Company.

18M 2.3M
Jul 31, 2025

10-Q filing | 17.8M shares outstanding

18M 2.3M
May 09, 2025

10-Q filing | 17.6M shares outstanding

18M 2.5M
Feb 28, 2025

10-K filing | 17.0M shares outstanding

17M 3.1M
Feb 06, 2025

S-3 filing: FAT Brands Inc. may offer and sell Class A Common Stock, preferred stock, debt securities, warrants, subscription rights and units from time to time, with an aggregate offering amount not to exceed $460,000,000.

17M 3.1M
Feb 06, 2025

S-3 filing: This prospectus relates to the resale of up to an aggregate of 2,259,354 shares of Class A Common Stock, par value $0.0001 per share, of FAT Brands Inc., that may be sold from time to time by the Selling Stockholder named in this prospectus.

16M 3.9M
Jan 30, 2025

8-K filing: FAT Brands Inc. completed the distribution of approximately 5.0% of the fully-diluted shares of Class A Common Stock of its subsidiary, Twin Hospitality Group Inc., as a pro rata dividend to holders of Class A and Class B common stock of FAT Brands.

17M 820K
Oct 31, 2024

10-Q filing | 17.1M shares outstanding

17M 820K
Aug 01, 2024

10-Q filing | 17.0M shares outstanding

17M 870K
May 02, 2024

10-Q filing | 16.9M shares outstanding

17M 930K
Mar 12, 2024

10-K filing | 16.6M shares outstanding

17M 1.3M
Oct 31, 2023

10-Q filing | 16.6M shares outstanding

17M 1.3M
Aug 04, 2023

10-Q filing | 16.5M shares outstanding

17M 1.4M
May 09, 2023

10-Q filing | 16.5M shares outstanding

16M 1.4M
Feb 24, 2023

10-K filing | 16.5M shares outstanding

16M 1.4M
Oct 25, 2022

8-K filing: FAT Brands Inc. entered into an Exchange Agreement with Twin Peaks Holdings, LLC to redeem 1,821,831 shares of Series B Preferred Stock at $23.69 per share, plus accrued dividends, in exchange for Series 2022-1 secured notes issued by FAT Brands Royalty I, LLC.

17M 1.3M
Oct 21, 2022

10-Q filing | 16.5M shares outstanding

17M 1.3M
Jul 29, 2022

10-Q filing | 16.4M shares outstanding

16M 1.5M
May 10, 2022

10-Q filing | 16.4M shares outstanding

16M 1.5M
Mar 23, 2022

10-K filing | 14.7M shares outstanding

15M 3.2M
Feb 04, 2022

S-3/A filing: This S-3/A filing describes the general terms and provisions of subscription rights to purchase shares of Class A Common Stock or other securities that the company may offer to its shareholders.

15M 2.8M
Feb 04, 2022

S-3/A filing: This prospectus relates to the resale of up to an aggregate of 2,259,594 shares of our Class A Common Stock that may be sold from time to time by the Selling Stockholder named in this prospectus.

15M 2.8M
Nov 24, 2021

S-3 filing: Prospectus relates to the resale of up to an aggregate of 2,259,594 shares of Class A Common Stock by the Selling Stockholder.

15M 2.8M
Nov 24, 2021

S-3 filing: The filing describes the general terms and provisions of subscription rights to purchase shares of Class A Common Stock or other securities that may be offered to shareholders.

14M 3.7M
Nov 08, 2021

10-Q filing | 14.1M shares outstanding

14M 1.5M
Oct 28, 2021

8-K filing: FAT Brands Inc. completed an offering of 1,000,000 shares of 8.25% Series B Cumulative Preferred Stock at an estimated net proceeds of $16.8 million and increased the authorized shares of Series B Preferred Stock to 11,500,000 shares. ($16.8M proceeds)

13M 2.5M
Aug 30, 2021

8-K filing: FAT Brands Inc. exchanged 80,000 Series A Preferred Shares plus accrued dividends for 478,199 newly issued Series B Preferred Shares at an exchange rate of $20.00 per share, and also amended its charter to increase authorized preferred stock from 5,000,000 to 15,000,000 shares.

13M 2.5M
Aug 23, 2021
Stock Split

8-K filing: Stock split 11-for-10 | Outstanding: 11,926,264 → 13,118,890

13M 2.5M
Aug 06, 2021

10-Q filing | 14.7M shares outstanding

15M 0
Jun 15, 2021

S-1/A filing: FAT Brands Inc. is offering 420,000 shares of its 8.25% Series B Cumulative Preferred Stock.

12M 2.3M
Jun 15, 2021

S-1/A filing: FAT Brands Inc. is offering 420,000 shares of its 8.25% Series B Cumulative Preferred Stock on a firm commitment basis, with an option for underwriters to purchase up to 63,000 additional shares to cover over-allotments.

12M 2.3M
Jun 10, 2021

S-1/A filing: FAT Brands Inc. is offering shares of its 8.25% Series B Cumulative Preferred Stock.

12M 2.3M
May 25, 2021

S-3/A filing: This is an S-3/A filing describing the terms of subscription rights to purchase common stock or other securities that may be offered to shareholders.

12M 2.3M
May 20, 2021

S-3 filing: FAT Brands Inc. files a Registration Statement on Form S-3 registering the sale and issuance of up to $500,000,000 aggregate offering price of common stock, preferred stock, debt securities, warrants, subscription rights, and units.

12M 2.3M
May 20, 2021

S-1 filing: FAT Brands Inc. is offering shares of 8.25% Series B Cumulative Preferred Stock. The Series B Preferred Stock is currently listed for trading on NASDAQ under the symbol FATBP.

12M 2.3M
May 12, 2021

10-Q filing | 11.9M shares outstanding

12M 2.3M
Mar 29, 2021

10-K filing | 11.9M shares outstanding

12M 2.3M
Nov 12, 2020

10-Q filing | 11.9M shares outstanding

12M 2.3M
Aug 07, 2020

10-Q filing | 11.9M shares outstanding

12M 2.3M
Jul 16, 2020

8-K filing: FAT Brands Inc. completed a public offering of 360,000 shares of 8.25% Series B Cumulative Preferred Stock and 1,800,000 warrants to purchase common stock. ($8.0M proceeds)

12M 2.3M
Jul 13, 2020

S-1/A filing: FAT Brands Inc. is filing a registration statement for the proposed offering of Series B Cumulative Preferred Stock and warrants exercisable to purchase common stock.

12M 2.3M
Jul 10, 2020

S-1/A filing: FAT Brands Inc. is offering 400,000 shares of 8.25% Series B Cumulative Preferred Stock and warrants to purchase up to 2,000,000 shares of common stock.

12M 2M
Jul 07, 2020

S-1/A filing: FAT Brands Inc. is offering 400,000 shares of 8.25% Series B Cumulative Preferred Stock and warrants to purchase 400,000 shares of common stock at an exercise price of $5.00 per share, for an aggregate offering amount of $10,000,000.

12M 400K
Jun 25, 2020

S-1/A filing: FAT Brands Inc. is offering 400,000 shares of 8.25% Series B Cumulative Preferred Stock and warrants to purchase 400,000 shares of common stock at an exercise price of $5.00 per share, with each share of Series B Preferred Stock and accompanying warrant being offered at a price of $25.00, for an aggregate offering amount of $10,000,000.

12M 0
Jun 09, 2020

S-1 filing: FAT Brands Inc. is offering shares of 8.25% Series B Cumulative Preferred Stock and warrants to purchase common stock.

12M 0
May 29, 2020

10-Q filing | 11.9M shares outstanding

12M 0
Apr 28, 2020

10-K filing | 11.9M shares outstanding

12M 0
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