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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
SC 13G - FAST Acquisition Corp. (0001815737) (Subject)
SC 13G - FAST Acquisition Corp. (0001815737) (Subject)
SC 13G - FAST Acquisition Corp. (0001815737) (Subject)
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
15-12G - FAST Acquisition Corp. (0001815737) (Filer)
25-NSE - FAST Acquisition Corp. (0001815737) (Subject)
8-K - FAST Acquisition Corp. (0001815737) (Filer)
4 - FAST Acquisition Corp. (0001815737) (Issuer)
4 - FAST Acquisition Corp. (0001815737) (Issuer)
4 - FAST Acquisition Corp. (0001815737) (Issuer)
Tuesday's session saw 95 companies set new 52-week lows. Noteworthy Highlights From Today's 52-Week Lows: The largest company by market cap to set a new 52-week low was Fidelity National Info (NYSE:FIS). Also check this out: ZoomInfo And 3 Other Stocks Sold By Insiders. The smallest company by market cap to set a new 52-week low was ThermoGenesis Holdings (NASDAQ:THMO). Larimar Therapeutics (NASDAQ:LRMR) saw the largest move of the companies, as shares plummetted 59.98% to hit a new 52-week low. Blackrock Muniyield (NYSE:MQY) was the biggest winner of the bunch, with shares actually trading up 0.0% after it rebounded from its new 52-week low. Here are all the stocks that set
Along with the hundreds of announced SPAC mergers and closed deals in 2021 came a handful of SPAC deals that were terminated. Here’s a look at what it means for the SPACs that called off mergers. What Happened: SPACs can terminate deals for numerous reasons including a change in valuation sentiment, missing deadlines or news items coming from the acquisition target. When SPACs call off deals, they lose the time and money spent to research and attempt to close a deal. The termination also sends the team back to the drawing board to try and find a new acquisition target. SPACs have a deadline date to meet, which is typically 24 months from its IPO date. With deals called off, many companies
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 provides FAST and its shareholders up to $33 million