FZT - FAST Acquisition extends deadline for business combination

March, 13 2023 04:54 AM FAST Acquisition Corp. II Class A

2023-03-13 04:54:51 ET

Special purchase acquisition company, FAST Acquisition ( NYSE: FZT ) to extend the date of an initial business combination from March 18, 2023 to June 18, 2023.
This will allow the company, without another stockholder vote, by resolution of the company’s board, to elect to further extend this date in one-month increments, up to four additional times, for a total potential extension of up to seven months.
In connection with the extension, ~15.1M shares were redeemed for cash at a redemption price of ~$10.15 per share, for an aggregate redemption amount of ~$153.24M.

For further details see:

Company Name:	FAST Acquisition Corp. II Class A
Stock Symbol:	FZT
Market:	NYSE