FAST Acquisition Corp. does not have significant operations. The company intends to effect a merger, stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in restaurant, hospitality, and related sectors. FAST Acquisition Corp. was founded in 2020 and is based in Ridgefield, Connecticut.
IPO Year: 2020
Exchange: NYSE
Website: fastacq.com
Special Opportunities Fund, Inc. (NYSE:SPE) today announced that the parties to litigation over the dissolution of FAST Acquisition Corp. (NYSE:FST) have reached an agreement to prevent the distribution of the Company's net assets to Class B shares until the Court rules on whether they must be equitably distributed to all stockholders. Under the agreement, the Class A shares will be redeemed promptly after August 25, 2022 and the winding up and dissolution of the Company will proceed. However, unless prior notice is given to SPE, the Company is limited to paying only the following approximate amounts: (a) $4.5 million in taxes; (b) $1 million to reimburse a working capital loan; (c) $3 mil
RIDGEFIELD, Conn., Dec. 10, 2021 /PRNewswire/ -- FAST Acquisition Corp. (NYSE:FST) ("FAST"), a special purpose acquisition company co-headed by Doug Jacob and Sandy Beall, and Fertitta Entertainment, Inc. ("FEI"), the parent company of Golden Nugget/Landry's, a leader in the gaming, restaurant, hospitality and entertainment industry, announced today that they have agreed to mutually terminate their merger agreement, originally entered into on February 1, 2021 and amended on June 30, 2021. The parties have simultaneously terminated their Merger Agreement after a settlement was reached regarding the parties' disagreement over the termination date in the Merger Agreement. The settlement provi
BATON ROUGE, La., Nov. 10, 2021 (GLOBE NEWSWIRE) -- BBQ Holding, LLC ("BBQGuys"), a leading specialty e-commerce platform for higher-end BBQ grills, grilling accessories and outdoor living projects for both homeowners and professional builders, and Velocity Acquisition Corp. ("Velocity") (NASDAQ:VELO), a publicly traded special purpose acquisition company, announced today that the companies have mutually agreed to terminate their previously announced agreement and plan of merger (the "Business Combination Agreement"), effective immediately. The parties decided to terminate the Business Combination Agreement as a result of current supply chain factors that are affecting the results of the
HOUSTON, Aug. 25, 2021 /PRNewswire/ -- Golden Nugget, LLC (the "Company"), a leading casino, restaurant and hospitality operator, reported its financial results for the second quarter and first half of 2021. Second Quarter and First Half Financial Highlights Revenue for the second quarter was $934.5 million, representing an increase of 224.4%, compared to $288.0 million during the second quarter of 2020. Revenue for the first half of 2021 increased 49.6% to $1.577 billion, compared to $1.054 billion during the first half of 2020.Net income for the second quarter was $144.3 million, compared to a net loss of $152.7 million in the prior year period. Net income for the first half of 2021 was $1
BOSTON and HOUSTON, Aug. 09, 2021 (GLOBE NEWSWIRE) -- DraftKings Inc. (NASDAQ:DKNG) and Golden Nugget Online Gaming, Inc. (NASDAQ:GNOG) today announced that they have entered into a definitive agreement for DraftKings to acquire Golden Nugget Online Gaming in an all-stock transaction that has an implied equity value of approximately $1.56 billion. The acquisition will enable DraftKings to leverage Golden Nugget's well-known brand, iGaming product experience and existing combined database of more than 5 million customers. In connection with the acquisition, DraftKings has entered into a commercial agreement with Fertitta Entertainment, Inc., the parent company of the Houston Rockets, Golden
BBQGuys has entered into a definitive business combination agreement with special purpose acquisition company Velocity Acquisition Corp. (NASDAQ:VELO)BBQGuys is a leading specialty e-commerce and content platform for grills, grilling accessories and outdoor living products and enthusiasts, selling top third party products and outdoor solutions to retail and professional customersBBQGuys has an emerging owned-brands portfolio focused on filling gaps in the market using a data-driven approach and an expanding wholesale/retail distribution networkBBQGuys delivers a proven track record of growth and profitability, including 43 consecutive quarters of YOY top-line growth and positive EBITDAThe tr
HOUSTON, June 30, 2021 /PRNewswire/ -- Fertitta Entertainment, Inc., the parent company of Golden Nugget/Landry's ("Fertitta" or the "Company"), a leader in the gaming, restaurant, hospitality and entertainment industry, and FAST Acquisition Corp. (NYSE:FST) ("FAST"), a special purpose acquisition company co-headed by Doug Jacob and Sandy Beall, announced today that they have entered into an amendment to their previously announced Agreement and Plan of Merger entered into between the parties on February 1, 2021. According to the amendment, the Company has agreed to contribute certain operating businesses not originally included as part of the business combination with FAST for no additiona
RIDGEFIELD, Conn., May 17, 2021 /PRNewswire/ -- &vest, an investment platform founded in 2019 focused on SPACs and private investments, today announced that Bill Hinman has joined the company as Partner. Hinman served as Director of Corporation Finance at the U.S. Securities and Exchange Commission (SEC) from 2017 to 2020, where he was primarily responsible for overseeing regulations and processes for initial public offerings and other corporate disclosures. During his tenure at the SEC, Mr. Hinman spearheaded nearly 50 policy and rulemaking initiatives designed to strengthen public markets as well as modernize and improve the framework for companies accessing capital markets, including
HOUSTON, Feb. 1, 2021 /PRNewswire/ -- Fertitta Entertainment, Inc., the parent company of Golden Nugget/Landry's ("Fertitta" or the "Company"), a leader in the gaming, restaurant, hospitality and entertainment industry, and FAST Acquisition Corp. (NYSE: FST) ("FAST"), a special purpose acquisition company, co-headed by Doug Jacob and Sandy Beall, announced today that they have entered into a definitive merger agreement (the "Merger Agreement") that will result in Fertitta Entertainment becoming a publicly listed company (the "Business Combination"). Tilman Fertitta, sole owner of Fertitta, will continue to lead the Golden Nugget/Landry's empire and serve as the Chairman, President and CE
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BOSTON and HOUSTON, Aug. 09, 2021 (GLOBE NEWSWIRE) -- DraftKings Inc. (NASDAQ:DKNG) and Golden Nugget Online Gaming, Inc. (NASDAQ:GNOG) today announced that they have entered into a definitive agreement for DraftKings to acquire Golden Nugget Online Gaming in an all-stock transaction that has an implied equity value of approximately $1.56 billion. The acquisition will enable DraftKings to leverage Golden Nugget's well-known brand, iGaming product experience and existing combined database of more than 5 million customers. In connection with the acquisition, DraftKings has entered into a commercial agreement with Fertitta Entertainment, Inc., the parent company of the Houston Rockets, Golden
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