FAST II is a hospitality and consumer entertainment focused blank check company whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. FAST II was as founded by Doug Jacob and headed by Sandy Beall as Chief Executive Officer. FAST II is listed on NYSE under the ticker symbol “FZT.” For more information, visit https://www.fastacqii.com/.
Company profile
Ticker
FZT, FZT-UN, FZT-WT
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
IRS number
861258014
FZT stock data
Latest filings (excl ownership)
15-12G
Securities registration termination
16 Oct 23
25
Voluntary exchange delisting
5 Oct 23
8-K
Submission of Matters to a Vote of Security Holders
26 Sep 23
425
Business combination disclosure
25 Sep 23
8-K
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard
25 Sep 23
425
Business combination disclosure
15 Sep 23
425
Business combination disclosure
15 Sep 23
DEFM14A
Proxy related to merger
15 Sep 23
8-K
Other Events
14 Sep 23
425
Business combination disclosure
6 Sep 23
Latest ownership filings
SC 13G/A
FIR TREE CAPITAL MANAGEMENT LP
14 Feb 24
SC 13G/A
Saba Capital Management, L.P.
8 Feb 24
4
Garrett Schreiber
6 Oct 23
SC 13G/A
Sculptor Capital LP
14 Feb 23
SC 13G/A
CITADEL ADVISORS LLC
14 Feb 23
SC 13G/A
Saba Capital Management, L.P.
14 Feb 23
SC 13G
FIR TREE CAPITAL MANAGEMENT LP
14 Feb 23
SC 13G/A
HIGHBRIDGE CAPITAL MANAGEMENT LLC
25 Jan 23
SC 13G
Sculptor Capital LP
7 Mar 22
SC 13G/A
Sculptor Capital LP
14 Feb 22
Financial summary
Quarter (USD) | Jun 23 | Mar 23 | Dec 22 | Sep 22 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | |
---|---|---|---|
Revenue | |||
Cost of revenue | |||
Operating income | |||
Operating margin | |||
Net income | |||
Net profit margin | |||
Cash on hand | |||
Change in cash | |||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 330.32 k | 330.32 k | 330.32 k | 330.32 k | 330.32 k | 330.32 k |
Cash burn (monthly) | 114.74 k | 5.60 k | 750.76 k | 99.02 k | 124.74 k | 201.01 k |
Cash used (since last report) | 1.03 mm | 50.11 k | 6.72 mm | 886.36 k | 1.12 mm | 1.80 mm |
Cash remaining | -696.72 k | 280.21 k | -6.39 mm | -556.05 k | -786.23 k | -1.47 mm |
Runway (months of cash) | -6.1 | 50.1 | -8.5 | -5.6 | -6.3 | -7.3 |
Institutional ownership, Q3 2023
20.8% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 35 |
Opened positions | 4 |
Closed positions | 5 |
Increased positions | 2 |
Reduced positions | 5 |
13F shares | Current |
---|---|
Total value | 583.21 mm |
Total shares | 1.49 mm |
Total puts | 0.00 |
Total calls | 150.00 k |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Shaolin Capital Management | 261.75 k | $131.00 k |
Saba Capital Management | 230.31 k | $115.16 mm |
Davidson Kempner Capital Management | 125.00 k | $62.50 mm |
Altshuler Shaham | 91.88 k | $45.94 mm |
Atalaya Capital Management | 86.51 k | $43.26 mm |
Cinctive Capital Management | 62.82 k | $31.41 mm |
Kennedy Lewis Management | 54.18 k | $27.09 mm |
GS Goldman Sachs | 50.00 k | $25.00 mm |
LMR Partners | 50.00 k | $25.00 mm |
Castle Creek Arbitrage | 49.40 k | $24.70 mm |