FAST Acquisition Corp. II
FZT-UN
New York Stock Exchange10.47
USD
-0.72
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FAST Acquisition Corp. II
FZT-UN
(New York Stock Exchange)
Recent
price
10.47
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Similar Companies
- Business
- FAST Acquisition Corp. II (NYSE: FZT-UN) is a blank check company, or special purpose acquisition company (SPAC), incorporated in Delaware and focused on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses, primarily targeting opportunities in the restaurant, hospitality, and related sectors in North America. The company does not have significant independent operations prior to completing a business combination and raised approximately $222 million in its initial public offering in 2021 to pursue such transactions. Headquartered in Ridgefield, Connecticut, FAST Acquisition Corp. II was founded in 2020. In October 2023, FAST Acquisition Corp. II completed a reverse merger business combination with Falcon's Beyond Global, LLC, a global entertainment development company specializing in intellectual property creation and expansion across creative services, destination experiences, and branded products; post-combination, Falcon's Beyond began trading on Nasdaq under the symbols FBYD, FBYDP, and FBYDW, with FAST II units (FZT-UN) marked as defunct. This transaction, initially announced in July 2022 and amended multiple times through 2023, involved a two-step merger structure including an UP-C entity setup, earnout shares tied to stock price and financial targets for 2023-2024, and gross proceeds exceeding $100 million from the SPAC trust, private placements, and debt; approximately 77% of the sponsor's promote shares became contingent on closing capital, post-closing performance, or milestones. The deal positioned Falcon's Beyond for expansion in entertainment destinations, including joint ventures like those with Melia for physical locations and partnerships for IP-driven creative operations, with projected EBITDA growth to $150 million annualized by mid-2025. No significant developments, such as additional acquisitions, funding rounds, or strategic shifts, have been reported for FAST Acquisition Corp. II itself since the merger completion in 2023.