FAST Acquisition Corp. Announces the Separate Trading of its Class A Common Stock and Warrants, Commencing on or about October 12, 2020
FAST Acquisition Corp. announced that holders of its IPO units can separate shares of Class A common stock and warrants for trading starting October 12, 2020. The IPO, which included 20 million units, was completed on August 25, 2020. Units not separated will continue to trade under the symbol ‘FST.U’, while Class A common stock and warrants will trade under symbols ‘FST’ and ‘FST WS’, respectively. FAST Acquisition Corp. is focused on pursuing business combinations primarily within the restaurant and hospitality sectors in North America, targeting enterprises valued at $600 million or greater.
- Holders can now separately trade Class A common stock and warrants, enhancing liquidity.
- Focus on large businesses in the restaurant and hospitality sectors could provide significant growth opportunities.
- No specific business combinations have been confirmed, leaving uncertainty about future revenue streams.
NEW YORK--(BUSINESS WIRE)--FAST Acquisition Corp. (the “Company”) announced today that holders of the units sold in the Company’s initial public offering of 20,000,000 units completed on August 25, 2020 (the “offering”) may elect to separately trade the shares of Class A common stock and warrants included in the units commencing on or about October 12, 2020. Any units not separated will continue to trade on the New York Stock Exchange (the “NYSE”) under the symbol “FST.U”, and each of the shares of Class A common stock and warrants will separately trade on the NYSE under the symbols “FST” and “FST WS,” respectively. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. Holders of units will need to have their brokers contact Continental Stock Transfer & Trust Company, the Company’s transfer agent, in order to separate the units into shares of Class A common stock and warrants.
About FAST Acquisition Corp.
FAST Acquisition Corp. is a blank check company whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. While the Company may pursue an initial business combination target in any industry or geographic region, the Company intends to focus its search for an initial business combination on businesses in the restaurant, hospitality, and related sectors in North America with a
A registration statement relating to these securities was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on August 20, 2020. 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.
The offering was made only by means of a prospectus. Copies of the prospectus relating to the offering may be obtained from Citigroup Global Markets Inc., LLC, Attention: Prospectus Department, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by telephone at (800) 831-9146; and UBS Securities LLC, Attention: Prospectus Department, 1285 Avenue of the Americas, New York, NY 10019, by telephone at (888) 827-7275 or by email at ol-prospectusrequest@ubs.com.
Cautionary Note Concerning Forward-Looking Statements
This press release contains statements that constitute “forward-looking statements,” including with respect to the Company’s search for an initial business combination. 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.
