FAST Acquisition Corp. II (FZT.U) Prices $200M IPO


FAST Acquisition Corp. II (FZT.U) Prices $200M IPO

FAST Acquisition Corp. II announced the pricing of its $200 million IPO and its units are expected to begin trading on the NYSE under the symbol “FZT.U,” Tuesday, March 16.

The new company aims to combine with a restaurant or hospitality target in North America with strong operations valued at $800 million or more. FAST II is led by CEO Sandy Beall, Chief Brand Officer Eugene Remm, Chief Digital Officer Dan Gardner, CFO Garrett Schreiber, and Chairman Kevin M. Reddy.

Total SPAC deal count for 2021 year-to-date is now 256. This offering is expected to close on Thursday, March 18.

Jefferies, LLC is serving as the sole book-running manager for this offering. Gibson, Dunn & Crutcher LLP is serving as Issuer’s Counsel with White & Case LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.