Twin Hospitality shares surge 44.52% intraday after filing for Chapter 11 to reduce debt, maintain store operations, and strengthen Twin Peaks sports bar expansion.

Twin Hospitality surged 44.52% intraday trading after filing for Chapter 11 bankruptcy protection on January 26, 2026, aiming to reduce debt, maximize stakeholder value, and support long-term growth for its Twin Peaks sports bar brand while maintaining normal operations across all locations. The company, which operates and franchises the "highly profitable" Twin Peaks chain—described by its CEO as redefining the sports bar experience—stated the process will strengthen its balance sheet and advance expansion plans.