Fat Brands Inc. shares rise 4.94% intraday after opening first co-branded Fatburger and Round Table Pizza in California.

Fat Brands Inc. rose 4.94% in intraday trading, with the company opening its first co-branded Fatburger and Round Table Pizza location in Rancho Cordova, California. The strategic growth initiative, which involves adding Fatburger to existing Round Table Pizza locations, is expected to expand throughout California. The grand opening celebration was held on August 9, with the first 100 guests receiving a free Original Fatburger.