First Watch Restaurant Group, Inc. (NasdaqGS:FWRG) agreed to acquire 16 Franchise Restaurants in North and South Carolina for $49 million on November 11, 2024. The transaction price on a cash-free, debt-free basis and The acquisition is expected to be funded through a combination of cash on hand and available borrowings under the Company?s credit facility. The transaction certain customary closing conditions and The expected completion of the transaction is April 15, 2025.