FAST Acquisition II priced its IPO of 20 million units at $10 each. Units begin trading today on the NYSE under FZT.U. Each consists of one share of Class A common stock and one-quarter of one redeemable warrant, with whole warrants exercisable to purchase one share of Class A common stock at $11.50. Once the securities comprising the units begin separate trading, shares and warrants are expected to list under FZT and FZT WS, respectively.
The offering is expected to close March 18.
FAST II intends to focus its search on the restaurant, hospitality, consumer, and related sectors in North America with an enterprise value of $800 million or greater. Read more.
