2023-03-13 04:54:51 ET
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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.
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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.
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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:
FAST Acquisition extends deadline for business combination