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FAST Acquisition Corp. II announced that holders of its initial public offering units can trade shares of Class A common stock and warrants separately starting May 6, 2021. The units, initially sold as 20,000,000, will continue to trade under the symbol 'FZT.U', while Class A shares and warrants will trade under 'FZT' and 'FZT.WS,' respectively. The company, focusing on the restaurant and hospitality sectors with an enterprise value over $800 million, has no fractional warrants issued, and traders must contact brokers for unit separation.
FAST Acquisition Corp. II has successfully closed its initial public offering (IPO) of 20,000,000 units at $10.00 each, totaling $200 million. The units began trading on the NYSE under the symbol 'FZT.U'. Each unit includes one share of Class A common stock and a quarter of a redeemable warrant, with each whole warrant allowing the purchase of additional shares at $11.50. The Company, targeting an enterprise value of $800 million or more, focuses on business combinations in the restaurant and hospitality sectors. Jefferies LLC served as the sole book-running manager for the offering.
