TriPoint Global Equities/Banq® Completes FAT BRANDS INITIAL PUBLIC OFFERING
Iconic Restaurant Franchising Company Completes $24 million Regulation A+ Initial Public Offering & Listing on NASDAQ
New York (October 24, 2017) – TriPoint Global Equities, LLC ("TriPoint"), a FINRA member and leading boutique investment bank that provides companies with capital raising and corporate and strategic advisory services, today announced that TriPoint along with its online electronic platform, BANQ® (www.BANQ.co), completed the Reg A+ IPO for FAT Brands, Inc.
FAT (Fresh. Authentic. Tasty.) Brands Inc. (“FAT Brands” or the “Company”) successfully raised $24 million through the sale of 2,000,000 shares priced at $12.00 per share. FAT Brands began trading on the Nasdaq under the ticker symbol “FAT” on October 23, 2017.
TriPoint Global Equities, LLC, working with its online division BANQ® (www.banq.co), was the lead managing selling agent and sole book runner for the offering. FAT Brands intends to make history by being the first Reg A+ Issuer listed on a National Securities Exchange to pay a dividend.
“TriPoint has been a pioneer in Regulation A+ and the JOBS Act for years, having developed a methodology that allows companies to reach a diverse audience of investors and trade on a National Securities Exchange,” said Mark Elenowitz, CEO of TriPoint. “FAT Brands leads us into exciting new territory where iconic brands can offer fans the opportunity to not only be a customer, but to be a shareholder as well.”
Fresh. Authentic. Tasty. Brands
FAT Brands is a leading global franchising company that strategically acquires, markets and develops fast casual and casual dining restaurant concepts around the world. The Company currently owns three restaurant brands that have more than 300 locations open and under development with an overall footprint in 18 countries.
An all-American, Hollywood favorite, Fatburger is a fast casual restaurant serving big, juicy, tasty burgers, crafted specifically to each customer’s liking. With a legacy spanning 70 years, Fatburger’s extraordinary quality and taste inspire fierce loyalty amongst its fan base, which includes a number of A-list celebrities and athletes. Featuring a contemporary design and ambience, Fatburger offers an unparalleled dining experience, demonstrating the same dedication to serving gourmet, homemade, custom-built burgers as it has since 1952 – The Last Great Hamburger Stand™.
About Bufflo’s Cafe
Founded in 1985 in Roswell, Georgia, the family themed casual dining chain, known for its world famous chicken wings and 13 unique homemade wing sauces, burgers, wraps, steaks and salads has been serving fresh southwestern themed cuisine for over 32 years. Featuring a full bar and table service, Buffalo’s Cafe offers an unparalleled dining experience affording friends and family the flexibility to enjoy an intimate dinner together or to casually catch the next sporting event while enjoying robust menu offerings. Buffalo’s Cafe - Where Everyone Is Family™.
About Buffalo’s Express
Founded in 2012 in Los Angeles, CA, Buffalo’s Express is a fast casual chain known for its world famous chicken wings, proprietary wing sauces, fries, sides, wraps, salads and desserts. Co-branded with 72 Fatburger restaurants to date, Buffalo’s Express’ significant growth can be attributed to its high quality menu offerings and unparalleled dining experience. Featuring a contemporary design and ambience, whether guests are dining-in or having take-out/delivery, Buffalo’s Express offers friends and families the flexibility to enjoy their world famous chicken wings however they prefer. Buffalo’s Express – Where Everyone is Family™.
About Ponderosa and Bonanza Steakhouse
Known for offering family-friendly atmospheres, the Ponderosa Steakhouse and Bonanza Steakhouse brands have been serving American cuisine for more than 50 years. With 120 locations open and under development, the chain of restaurants offers delicious, flame-grilled steaks and entrees along with a high-quality buffet featuring an endless selection of salads, soups, appetizers, vegetables, and desserts at affordable prices.
About BANQ & TriPoint
TriPoint Global Equities, LLC ("TriPoint"), a FINRA member firm, is a boutique investment bank, with corporate finance and sales and trading services. TriPoint focuses on providing U.S. and non-U.S. companies of up to $500 million in revenue with capital raising, corporate finance advisory services, and assistance with navigating the regulatory environment for companies listing on U.S. markets. TriPoint Global maintains specialized practices in institutional private placements, sales and trading, mergers and acquisitions, and corporate finance. BANQ®, the online division of TriPoint, www.banq.co, is an electronic investment banking platform that streamlines the matching of investors with quality growth companies and alternative investment opportunities. BANQ® provides investors access to exciting companies with exposure to rapidly growing sectors and new technologies. BANQ® takes the entire public and private offering process digital and online, providing access to U.S. opportunities and offerings in the U.S. markets. BANQ® widely markets its offerings utilizing the new general solicitation and advertising rules promulgated by the U.S. Securities & Exchange Commission, in response to the passage of the JOBS Act of 2012 including Reg A+ and Reg D. TriPoint has offices in New York City, Jericho, NY, Akron, OH, Beijing, China, and Washington, D.C. For more information, please visit http://www.tripointglobalequities.com.
This press release may include ''forward-looking statements.'' To the extent that the information presented in this press release discusses financial projections, information, or expectations about our business plans, results of operations, products or markets, or otherwise makes statements about future events, such statements are forward-looking. Such forward-looking statements can be identified by the use of words such as ''should,'' ''may,'' ''intends,'' ''anticipates,'' ''believes,'' ''estimates,'' ''projects,'' ''forecasts,'' ''expects,'' ''plans,'' and ''proposes.'' Although we believe that the expectations reflected in these forward-looking statements are based on reasonable assumptions, there are a number of risks and uncertainties that could cause actual results to differ materially from such forward-looking statements. You are urged to carefully review and consider any cautionary statements and other disclosures, including the statements made under the heading "Risk Factors" and elsewhere in the offering statement that we will file with the SEC. Forward-looking statements speak only as of the date of the document in which they are contained, and FAT Brands does not undertake any duty to update any forward-looking statements except as may be required by law.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction
TriPoint Global Equities/BANQ® Announces Hiring of Daniel Mulcahy and Chicago Office Expansion
NEW YORK, NY--(December 19, 2016) - TriPoint Global Equities, LLC, (“TriPoint”), a FINRA member and leading boutique investment bank that provides companies with capital raising and corporate and strategic advisory services. Tripoint, which is positioning itself to be a leader in Reg A+ offerings thru its online electronic platform BANQ® (www.BANQ.co), announced the hiring of Daniel (“Danny”) Mulcahy as a Managing Director of the firm and branch manager of a soon to be opened new Chicago office of TriPoint. Danny was previously Managing Director of ZacksInvest, a private market investment and equity crowdfunding platform.
"While some firms are having trouble executing in the online public offering space and others are exiting the business, TriPoint is capitalizing on the opportunity to expand, focusing on bringing in top talent and industry leaders to join our team. We are preparing for our 2017 public offerings and placements and expect to see Reg A+ Offerings reinvigorate the market for Small Cap IPOs. Adding Danny and his associates that he is assembling, will bring added depth, skill and expertise to the TriPoint team," said Mr. Mark Elenowitz, CEO of TriPoint Global Equities.
As Managing Director, Mr. Mulcahy brings his years of experience in portal marketing and offerings to TriPoint. He will be responsible for guiding all corporate operations of Tripoint Global Equities Chicago office and helping guide the evolution of the firm’s capital raising infrastructure. In addition, he provides clients with high-level financial services and general business development including structuring, developing, sourcing and negotiating acquisitions and financings for our clients and related companies. Mr. Mulcahy has more than 20 years of experience in diverse leadership roles in management, sales, private investments, finance and real estate. Mr. Mulcahy earned a bachelor’s from UNLV and holds FINRA Series 7, 24, 66, and 79 securities licenses.
TriPoint Global Equities Announces Hiring of Robert Nathan and New Office Opening
NEW YORK, NY--(April 8, 2015) - TriPoint Global Equities, LLC (“TriPoint”), a FINRA member and leading boutique investment bank that provides companies with capital raising and corporate & strategic advisory services, today announced the hiring of Robert Nathan as a Senior Vice President and Director of the firm. In addition, effective May 1, 2015, TriPoint is pleased to announce the opening of a new midtown office located at 1450 Broadway, 26th Floor, New York, NY 10018.
"We are pleased to welcome Robert to TriPoint as he expands our capabilities to include Commercial Lending while strengthening our overall Capital Markets capabilities,” commented TriPoint CEO, Mark Elenowitz. “While larger banks continue to be hampered by regulatory constraints and are forced to curtail their lending capabilities, Robert provides our customers with the ability to fill this void left in the marketplace. His significant client relationships, industry knowledge, experience and background will further extend our leading Capital Markets and Investment Banking franchise.
Mr. Nathan brings additional banking, advisory and capital markets capabilities to TriPoint with the primary responsibility of expanding the institutional banking platform for TriPoint. He focuses on raising Debt, Equity and Mezzanine Financing for emerging growth companies in the Technology and Healthcare sectors. These companies have sub $500 million valuations and the offerings range in size from $3 to $20 million. With over 20 years in the industry, Mr. Nathan brings his vast network of clients and expertise with him to TriPoint. His clients include family offices, private equity firms, hedge funds and high net worth individuals, among others. Prior to joining TriPoint, he served as Senior Vice President at Monarch Capital Group. Mr. Nathan is a graduate of Ithaca College.
BANQ, an Electronic Investment Banking Platform Announces Strategic Relationship with V3 Corporate Services
NEW YORK, NY--(November 11, 2013) - TriPoint Global Equities, LLC, ("TriPoint"), a FINRA member and leading boutique full service investment bank that provides companies with capital raising and corporate and strategic advisory services is pleased to announce a strategic relationship with the V3 family of corporate services which consists of Vstock Transfer, LLC, Vcheck Global, LLC and Vcorp Services LLC for its electronic platform BANQ.
BANQ will provide accredited investors access to proven private equity and hedge fund managers raising capital as well as exciting companies with exposure to rapidly growing sectors and new technologies. Visit www.banq.co now and sign up.
TriPoint Global Equities Announces BANQ, the Electronic Investment Banking Platform -- Seamless, Compliant Execution for Premier Growth Companies and Alternative Investment Opportunities
NEW YORK, NY--(September 25, 2013) - TriPoint Global Equities, LLC, ("TriPoint"), a FINRA member and leading boutique full service investment bank that provides companies with capital raising and corporate and strategic advisory services, today announced that it will soon introduce an innovative new platform called BANQ.www.banq.co. BANQ is an electronic investment banking platform that will streamline the matching of accredited investors with quality growth companies and alternative investment opportunities. BANQ will provide accredited investors access to proven private equity and hedge fund managers raising capital as well as exciting companies with exposure to rapidly growing sectors and new technologies.