FAST Acquisition Corp.
FST · NYSE
NO ACTION REQUIRED
Nothing left to do
The cash went back to shareholders and the company wound up. There is no deadline left to miss.
Cash at settlement
No cash-per-share figure was filed for this vehicle before it finished.
Last close
Daily close
No price history on file yet — daily closes accumulate from the market data feed.
Trust settled · There is no line to draw here. This vehicle has finished: the cash was paid back or spent closing the deal, so the last filed figure describes an account that no longer exists and would be a floor under nothing.
SpacBrain’s read
Trust settled
The trust was liquidated and paid back to holders pro rata — the floor was honoured and the SPAC has wound up, so there is nothing left to claim.
In plain terms
- What it is
- A SPAC from FAST Acquisition Corp. / FAST Acquisition Corp. II / Velocity Acquisition Corp. (Arani Ramin), listed on NYSE in August 2020.
- What it's doing now
- It never completed a purchase. The company wound up and the cash in the account went back to shareholders — the ordinary ending when a SPAC runs out of time. No agreed deal for it is on file with us, so we cannot say whether one was ever announced and later fell through.
- What you should know
- This SPAC has finished. The cash was paid back to shareholders and the company wound up, so there is nothing left to claim — the money went where the charter said it would.
At a glance
- Where it stands
- Liquidated
- Deal
- none — it wound up and returned the cash instead
- Industry
- no filing we hold states a sector this SPAC restricted its search to
- Deal value
- no deal to value — it wound up instead
- Price vs cash at settlement
- no live price on file
- Cash in trust when it settled
- not yet extracted into a snapshot — the filings below may state it
- the last trust total filed while this was still a SPAC — the account has since been paid out or used to close the deal
- IPO
- 21 August 2020
- size not on file · 100.0% of each $10 unit into trust
- Headquarters
- 109 OLD BRANCHVILLE RD., RIDGEFIELD, CT, 06877
- registered in Delaware
- Lead underwriter
- not extracted from the prospectus yet
- Key officers
- no Form 3/4 ownership filing captured yet
- Listed securities
- FST common
This vehicle has finished, so there is no window to file a cash-per-share figure for and none will follow. No estimate is shown in its place.
Nothing dated is on file. That is an absence in the record, not a statement that nothing is coming.
Yield to redemption
Nothing left to redeem — no yield to compute.
This SPAC has finished — its trust was paid back or used to close the deal, so there is nothing left to redeem and no yield to compute. A yield to redemption is a claim that you can hand these shares back for the trust cash. That account is closed, so this page will not print a number here.
What happened to the cash
The reasoning behind the verdict above, in the order the filings establish it.
- The trust was liquidated and paid back to holders pro rata — the floor was honoured and the SPAC has wound up, so there is nothing left to claim.
What has happened, and what is coming
1 dated milestoneEvery dated step from the day it listed to the next date you may have to act on. Where you have to do something, the day your broker needs the instruction is marked too.
- 21 August 2020IPOpassed
IPO size not on file
The score
deterministic, from filed fieldsFST is not in the scored universe, so no score is shown. A withheld score is a fact about the record, not a verdict about the company.
The score is only published for names that carry both a price and a filed cash-per-share figure — 292 of the tracked fleet today. The rest keep an empty dial rather than a modelled one, and fill in by themselves as the fields land.
The company
from SEC filingsRead the full profile
FAST Acquisition Corp. was a blank-check company (SEC SIC industry code 6770) whose common stock traded on the New York Stock Exchange under the ticker FST. The company priced its initial public offering on August 21, 2020, with unit terms of 10 per unit and a 12-month deadline to complete a business combination, as disclosed in 424B prospectus 0001213900-20-023256. FAST Acquisition Corp. later liquidated, and on August 11, 2022, it filed an 8-K (accession 0001213900-22-046514) announcing the redemption of all outstanding shares of Class A common stock effective as of August 26, 2022, because it would not consummate an initial business combination within the required time period. The SEC CIK for the company is 0001815737.
Material findings
from the full read of every filingEvery document this company files gets read whole — body and exhibits. These are the ones the read flagged as material, newest first, each citing its filing.
Consideration to FEI's stockholders is New FEI Class B common stock valued at approximately $3.84 billion, and the filing states the figure is subject to adjustment based on trust account proceeds available after giving effect to any and all redemptions and on private placement proceeds — so redemptions move the consideration itself, not only the cash that survives them. FAST states it currently has commitments for $1.24 billion of private placement proceeds from investors including Jefferies Financial Group Inc. and Tilman Fertitta.
The reincorporation is achieved by MERGER into a Texas corporation rather than by a domestication or conversion, and it is documented under its own separate agreement — so there are two merger agreements in this transaction, not one, and the securities registered are those of the Texas survivor. After closing the public company is governed by Texas law rather than Delaware law. The registered ceiling is 25,000,000 Class A shares plus 16,000,000 warrants, the warrant leg being 64% of the share leg — an unusually large overhang.
The registered ceiling — 25,000,000 Class A shares plus 16,000,000 warrants — is identical to the following amendment, so it was fixed at this stage; the warrant leg is 64% of the share leg. The post-closing name is unfilled here and appears as Fertitta Entertainment, Inc. only in the later amendment, so nothing about that name should be attributed to this version. The reincorporation is effected by merger into a Texas corporation under its own separate agreement, so the securities registered are the Texas survivor's and Texas law governs the public company after closing.
The registered ceiling of 25,000,000 Class A shares plus 16,000,000 warrants is fixed from this first amendment and holds through the two that follow. The post-closing name is blank here and in the next amendment, appearing only later — so it should not be attributed to this version. The reincorporation into Texas is effected by merger under its own separate agreement, meaning two merger agreements govern the transaction and Texas law applies to the public company after closing.
This is the earliest version in this series and the registered ceiling — 25,000,000 Class A shares plus 16,000,000 warrants — is already fixed here and does not move through the later amendments. The warrant leg is 64% of the share leg, an unusually large overhang. The reincorporation into Texas is effected by merger under its own separate agreement, so two merger agreements govern the transaction and Texas law applies to the public company after closing. The post-closing name is unfilled at this stage.
Filings
live EDGAR feedEverything this company has filed with the SEC recently, newest first, each with a plain summary of what changed and why it matters.
- What changed vs 2022-05-13trust $200.0M → $200.2M +0%
trust account, combination deadline, going-concern doubt +11 moved · 3 with no prior record of ours
- Trust account
- $200.0M$200.2M
- Combination deadline
- 2022-08-25 · unchanged
- Going-concern doubt
- stated · unchanged
- Redeemable shares
- 20.0M · unchanged
SpacBrain reads this as $249,729 was added to the trust between the two filings.
The clause …“expenses 255,392 315,642 Total current assets 2,809,099 5,338,543 Investments held in Trust Account 200,223,387 200,027,697 Total Assets $ 203,032,486 $ 205,366,240 Liabilities, Class A Common Stock Subject to Possible Redemption and”…
The clause …“there can be no assurance that the Company will be able to consummate any Business Combination by August 25, 2022. No adjustments have been made to the carrying amounts of assets or liabilities should the Company be required to”…
The clause …“or liquidation. However, in connection with the Company’s assessment of going concern considerations in accordance with FASB ASC 205-40, “Presentation of Financial Statements - Going Concern” (“ASC 205-40”), management has”…
The clause …“19,959,599 80,083,837 Commitments and Contingencies Class A common stock; 20,000,000 shares subject to possible redemption at approximately $ 10.01 and $ 10.00 per share redemption value as of June 30, 2022 and December 31, 2021,”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
Show the other 10 filings
- What changed vs 2021-11-19trust $200.1M → $200.0M -0%deadline 2021-12-01 → 2022-08-25
trust account, combination deadline, going-concern doubt +12 moved · 2 with no prior record of ours
- Trust account
- $200.1M$200.0M
- Combination deadline
- 2021-12-012022-08-25
- Going-concern doubt
- stated · unchanged
- Redeemable shares
- 20.0M · unchanged
SpacBrain reads this as $93,877 left the trust between the two filings.
The clause …“expenses 361,946 315,642 Total current assets 4,135,046 5,338,543 Investments held in Trust Account 199,973,658 200,027,697 Total Assets $ 204,108,704 $ 205,366,240 Liabilities, Class A Common Stock Subject to Possible Redemption and”…
SpacBrain reads this as 267 days later than the previous record.
The clause …“there can be no assurance that the Company will be able to consummate any business combination by August 25, 2022. No adjustments have been made to the carrying amounts of assets or liabilities should the Company be required to”…
The clause …“Business Combination. However, in connection with the Company’s assessment of going concern considerations in accordance with FASB ASC 205-40, “Presentation of Financial Statements - Going Concern” (“ASC 205-40”), management has”…
The clause …“35,282,517 80,083,837 Commitments and Contingencies Class A common stock; 20,000,000 shares subject to possible redemption at $ 10.00 per share redemption value as of March 31, 2022 and December 31, 2021 200,000,000 200,000,000”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
- What changed vs 2021-03-26going concern APPEAREDshares 18.9M → 20.0M +6%
going-concern doubt, redeemable shares, trust account +32 moved · 4 with no prior record of ours
- Going-concern doubt
- not statedstated
- Redeemable shares
- 18.9M20.0M
- Trust account
- $200.1M · unchanged
- Combination deadline
- 2022-08-25 · unchanged
- Sponsor loans outstanding
- $300Knot matched in this filing
- Mandate language
- we intend to focus on middle-market businesses, companies wh… · unchanged
SpacBrain reads this as the substantial-doubt sentence is in this filing and not in the previous one.
The clause …“accounting firm's report contains an explanatory paragraph that expresses substantial doubt about our ability to continue as a “going concern.” In connection with the Company’s assessment of going concern considerations accordance”…
SpacBrain reads this as 1,084,097 more shares carry a redemption right.
The clause …“the occurrence of uncertain future events. Accordingly, at December 31, 2021, 20,000,000 shares of Class A common stock subject to possible redemption are presented as temporary equity, outside of the stockholders’ equity section of the”…
The clause …“(Level 2) Significant Other Unobservable Inputs (Level 3) Assets: Investments held in Trust Account $ 200,067,535 $ - $ - Liabilities: Derivative warrant liabilities -Public Warrants $ 17,400,000 $ - Derivative warrant liabilities”…
The clause …“or private placement shares held by them if we fail to consummate our initial business combination by August 25, 2022. If we do not complete our initial business combination within such applicable time period, the proceeds of the sale”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
The sponsor
The people who set this company up, what they have done before, and the advisers around the deal.
Deal completion: 1/3 resolved vehicles closed a deal (33%); 2 liquidated, 0 terminated. No measured post-close outcome yet, so completion credit is NOT gated — missing data is never a penalty.
Mixed record · medium confidence
The record
The reference detail — how the shares were structured at listing, how thinly they trade, and where the company is registered.
Show the reference detail
Unit structure
from 424B4 0001213900-20-023256
Trading & liquidity
Company profile
Directors & officers
No Form 3/4 ownership filing has been captured for this SPAC yet, so the roster is empty rather than guessed.
Institutional holders
from SC 13G/13DFunds that have declared a stake above 5%. Heavy ownership by arbitrage funds usually means heavy cash-outs at the next vote.
Show the declared stakes
13 filers with a stake on file · 0 re-affirmed in the last 12 months. A stake with no amendment since is the filer’s last word on it, not proof it is still held — and percentages filed in different years are percentages of different floats, because this vehicle’s share count collapses at every redemption.
- FAST Sponsor, LLCwith 1 other reporting person on the same schedule20.0% · SC 13GFeb 16, 2021 stale
- GREAT POINT CAPITAL LLC9.8% · SC 13GAug 8, 2022 stale
- MARSHALL WACE, LLP7.5% · SC 13GFeb 14, 2022 stale
- ADAR1 Partners, LPwith 3 other reporting persons on the same schedule6.7% · SC 13GJul 27, 2022 stale
- CITADEL ADVISORS LLCwith 5 other reporting persons on the same schedule5.8% · SC 13GJun 3, 2022 stale
- Quinn Opportunity Partners LLCwith 3 other reporting persons on the same schedule4.6% · SC 13G/ADec 15, 2021 stale
- Chatham Asset Management, LLCwith 2 other reporting persons on the same schedule4.3% · SC 13G/AFeb 17, 2022 stale
- GLAZER CAPITAL, LLCwith 1 other reporting person on the same schedule3.4% · SC 13G/AMar 10, 2021 stale
- Sculptor Capital LP0.8% · SC 13G/AFeb 11, 2022 stale
- PERISCOPE CAPITAL INC.0.5% · SC 13G/AFeb 15, 2022 stale
- SCOPUS ASSET MANAGEMENT, L.P.with 8 other reporting persons on the same schedule0.0% · SC 13G/AFeb 14, 2022 stale
- Park West Asset Management LLCwith 2 other reporting persons on the same schedule0.0% · SC 13G/AFeb 14, 2022 stale
- EAGLE ASSET MANAGEMENT INC0.0% · SC 13G/AFeb 10, 2022 stale
One line per filer, not per reporting person: a joint schedule names the management company, its funds and often the individual who controls them, and all of them report the same shares. Click a name for that filer’s whole footprint across every SPAC it has declared a stake in.
Sources on file
harvested pages, kept in fullEvery public page we have read about this company, stored in full so a source can never go missing.
Show the sources
39 full SEC filing texts archived — searchable, never lost.
- Vault note — FST (FAST Acquisition Corp.)
vault-note · /vault/tickers/FST
In plain English
tap a term to open itEvery piece of jargon this page could have used, and what it actually means.
Open the plain-English guide
No floor / floorlessthe cash guarantee is gone — the price is unprotected
A SPAC's downside protection is not the cash in trust; it is your right to demand that cash. Once the redemption window closes, the cash stays with the company and the share can trade anywhere.
Redemption deadlinethe last day to hand shares back for cash
Set by the filing that calls the meeting. Tender after it and the company is under no obligation to pay you the trust value.
Broker action datethe day your broker needs the instruction — earlier than the official date
Brokers batch redemption instructions to the transfer agent, so the practical cutoff is roughly two business days before the published deadline. This is the date that actually costs people the floor.
Cash in trust / trust per sharethe cash the company is holding for each public share
Filed quarterly in the 10-Q's XBRL. It earns interest between filings, so the figure on a given day is slightly higher than the last filed one — where we show that we label it an estimate.
Trust discountbuying below the cash held for you
Only meaningful while a redemption right exists. On a floorless name the same arithmetic is not a discount, it is the market pricing distress, and this product will not call it a yield.
Dilutionhow much of the company new shares take from you
Sponsor promote, PIPE shares, warrants and rights all issue stock that did not pay $10 for it. The headline deal value is before that; the effective value is after.
Pro-forma equitywhat the company is valued at once the deal closes
The combined company's equity value assuming the announced terms and the redemptions that have actually happened.
ARShow much upside you get per unit of downside
SpacBrain's asymmetric-return score. It is deterministic — the same inputs always produce the same number — and it is capped, not zeroed, when the floor is gone.
De-SPACthe day the SPAC becomes the real company
The shares stop being a claim on a pot of cash and start being equity in an operating business. Roughly 80% of recent de-SPACs traded below $10 within a year.
Outside datethe contractual long-stop for closing the deal
A deadline between the SPAC and its target, not between the SPAC and you. It confers no right to cash, which is exactly why it must never be counted as a redemption window.
Accession numberthe SEC's unique id for one filing
Every figure on this page carries the accession of the filing that states it, so you can open the primary document rather than trust us.
Accreted NAV (estimate)the last filed cash figure, plus the interest it should have earned since
A model, not a filing: last filed value compounded at the 3-month T-bill for the days elapsed. Always shown in italic with the word estimate, and never printed beside a filed number without it.
Ask the brain
from its filingsData provenance & audit trail2 internal entries
Written by SpacBrain’s data agents whenever a figure is captured, corrected or flagged, and kept verbatim so every number on this page can be traced back to the filing that states it. This is a running log, not the current record: an early entry may be superseded by a later correction — the panels above always hold the current values.
admitted from the HISTORICAL census (EDGAR's SIC 6770 registrant list, walked in full: 3,325 registrants, 1,167 of which ever priced an IPO). The live discovery job cannot reach this registrant — it reads the filing tape, and this one stopped filing. Admission rule: src/lib/universe-admit.ts. SIC 6770 (Blank Checks); 424B 0001213900-20-023256 priced 2020-08-21; common ticker FST off 8-K 0001213900-22-046514 (2022-08-11); lifecycle EXITED. Ending PROVEN, not inferred: LIQUIDATED per 8-K 0001213900-22-046514 (2022-08-11) — announced redemption of all public shares: “…will redeem all of its outstanding shares of Class A common stock, effective as of August 26, 2022, because the Company will not consummate an initial business combination within the time period required by its Amended and Restated Certificate of Incorporation. The Press Release also disclosed that on August 9, 2022, a…”. ipoSizeM and deadline left NULL: gross-proceeds prose conflates the over-allotment with the offering, and a charter deadline belonging to a vehicle that has ended is a date nobody can act on. ipoDate is the 424B pricing date.
sponsor "FAST Sponsor, LLC" (SEC CIK 0001820362) sourced from Form 3 reportingOwner (10% owner) acc 0001213900-20-023152.