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Warrants Alert
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THE INVESTOR'S GUIDE TO WARRANTS:

Capitalize on the Fastest Growing Sector of the Stock Market, Second Edition (Hardcover)
   by Andrew McHattie   Rating: ISBN-10: 027303751X

more books no time to read, try audiobooks

           

 

Name - FAST Acquisition Corp
Current Name: FAST Acquisition Corp
Address: 109 Old Branchville Road, Ridgefield, CT 06877
Phone Number: (203) 403-3655
Investor Relations Contact: info@fastacq.com
Website - N/A

Warrant Symbol: FST.WS
Warrants Listed: 10,000,000
Ratio: 1-for-1
Cusip Number: 311879 11 7
Expiry Date -N/A
Exercise Price: $11.50



Synopsis & Listing Information



FAST Acquisition Corp was a blank-check company focused on the restaurant, hospitality, and related retail industries. It was led by Sandy Beall.

Listing History: The IPO closed on August 25, 2020. Warrants traded on the NYSE under the tracking symbol FST.WS.

Business Combination: A high-profile termination occurred with Fertitta Entertainment Inc in late 2021. Following this, the company did not reach another combination agreement.

Ticker Change: N/A.

Reverse Split Adjustment: N/A.

Current Status: On August 26, 2022, the company dissolved and liquidated its trust assets. The public warrants expired entirely worthless.

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Warrant Terms
  • Expiration Date: The last day the warrants can be exercised. If warrants aren't going to be exercised then they must be sold the day before the expiry date. The longer the time to expiry the more valuable the warrants.
  • Leverage: A measure of how much you can increase your exposure to a share if you bought warrants instead of making a direct investment. It is the current share price divided by the current price of the warrant.
  • Intrinsic Value: The difference between the exercise price and the actual trading price of the common stock. Once the common has gone over the exercise price, the warrants are "In the Money."
  • Volatility: The higher the volatility rating, the higher the price of the warrant. Historical volatility is calculated by using the standard deviation of an underlying stock price over a specific period.
  • Time Value: The difference between the current warrant price and its intrinsic value. Interpreted as the consideration paid for the advantage the warrant buyer has over the direct investor.
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