New York Investment Firm &Vest Said to Plan Blank-Check Firm

  • Ruby Tuesday founder Sandy Beall to be Co-CEO of new SPAC
  • Fast Acquisition has filed confidentially to go public
Photographer: Michael Nagle/Bloomberg
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Investment firm &Vest is planning an initial public offering of a blank-check company targeting the restaurant sector, according to people with knowledge of the matter.

The New York-based firm, which describes itself as providing “creative capital,” has filed confidentially with the U.S. Securities and Exchanges Commission ahead of an IPO of a vehicle dubbed Fast Acquisition Corp., said the people, who asked to not be identified because the potential transaction isn’t public.