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GEN Restaurant shares are trading higher after the company announced a binding LOI with Chubby Group to sell operations at 47 US restaurants while retaining the GEN brand and the GEN CPG business for $100 million.
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GEN Restaurant Group Inks $100M Letter Of Intent With Chubby Group To Sell Operations At 47 U.S. Restaurants
GEN Restaurant Group, Inc. ("GEN" or the "Company") (Nasdaq:GENK), a leader in at-home Korean BBQ, today announced that it has signed a binding letter of intent ("LOI") with Chubby Group
Gen Restaurant Group Enters Stock Purchase Agreement With Roth Principal Investments On Sept 29, 2026; May Sell Up To $25M Of Class A Common Stock