FAST Acquisition Corp. II (NYSE:FZT-WT) operates as a special purpose acquisition company 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; its securities include redeemable warrants, each exercisable for one share of Class A common stock at an exercise price of $11.50 per share. Founded in 2020 and headquartered in Ridgefield, Connecticut, the company completed a definitive business combination with Falcon’s Beyond Global LLC in October 2023 through a reverse merger transaction, resulting in Falcon’s Beyond Global, Inc. listing its common stock, Series A preferred stock, and warrants on Nasdaq under the symbols FBYD, FBYDP, and FBYDW, respectively, while FAST II's warrants continue trading as FZT-WT. In recent developments, Falcon’s Beyond, the post-merger entity, reported Q2 2025 financial results with consolidated revenue of $2.5 million and net income of $25.1 million, acquired assets of Oceaneering Entertainment Systems to enhance its attractions division, entered a worldwide agreement with CD PROJEKT RED for Cyberpunk 2077-themed location-based entertainment venues, and issued a stock dividend of 0.2 shares per share alongside a warrant agreement amendment effective January 14, 2025, exchanging warrants at a fixed ratio of 0.25 shares per warrant.