NEW YORK, March 15, 2021 /PRNewswire/ -- FAST Acquisition
Corp. II (the "Company") today announced the pricing of its initial
public offering of 20,000,000 units at a price of $10.00 per unit. The units will be listed
on the New York Stock Exchange (the "NYSE") and trade under the
ticker symbol "FZT.U" beginning on March 16, 2021. Each
unit consists of one share of Class A common stock of the
Company and one-quarter of one redeemable warrant, with each whole
warrant exercisable to purchase one share of Class A common
stock at a price of $11.50 per share.
Once the securities comprising the units begin separate
trading, the shares of Class A common stock and warrants are
expected to be listed on the NYSE under the symbols "FZT" and
"FZT WS," respectively. The offering is expected to
close on March 18, 2021, subject to customary closing
conditions.
FAST Acquisition Corp. II is the third special purpose
acquisition company formed by the principals of &vest with the
business purpose to effect a business combination with one or more
businesses. While the Company may pursue an initial business
combination with a company in any sector or geography, the Company
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. &vest is an
investment platform led by founder and CEO Doug Jacob.
Jefferies LLC is acting as sole book-running manager for the
offering. The Company has granted the underwriter a 45-day
option to purchase up to 3,000,000 additional units at the initial
public offering price to cover over-allotments, if any.
The offering is being made only by means of a prospectus.
When available, copies of the prospectus relating to the
offering may be obtained by contacting Jefferies LLC, Attention:
Equity Syndicate Prospectus Department, 520 Madison Avenue, 2nd
Floor, New York, NY 10022, by
telephone at (877) 821-7388 or by e-mail at
prospectus_department@jefferies.com.
A registration statement relating to the securities was declared
effective by the U.S. Securities and Exchange Commission (the
"SEC") on March 15, 2021. This press release shall not
constitute an offer to sell or the solicitation of an offer to buy,
nor shall there be any sale of these securities in any state or
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
Forward Looking Statements
This press release contains statements that constitute
"forward-looking statements," including with respect to the initial
public offering and search for an initial business combination.
No assurance can be given that the offering discussed above
will be completed on the terms described, or at all, or that the
proceeds of the offering will be used as indicated.
Forward-looking statements are subject to numerous
conditions, many of which are beyond the control of the Company,
including those set forth in the Risk Factors section of the
Company's registration statement for the initial public offering
filed with the SEC. Copies are available on the SEC's
website, www.sec.gov. The Company undertakes no
obligation to update these statements for revisions or changes
after the date of this release, except as required by law.
FAST Acquisition Corp. II Contact:
Chloe Gatta
cgatta@hstrategies.com
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SOURCE FAST Acquisition Corp.