{"filings":[{"id":1776317,"accession_number":"0001213900-26-080046","cik":2028935,"company_name":"FACT II Acquisition Corp.","ticker":"FACT","form_type":"8-K","filed_at":"2026-07-21T20:33:07+00:00","items":["1.02","7.01","9.01"],"status":"ready","headline":"FACT II Acquisition Corp. terminates business combination with Precision Aerospace & Defense Group","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Business Combination Agreement with Precision Aerospace & Defense Group terminated on July 16, 2026.","Termination due to unforeseen circumstances affecting a key subsidiary acquisition that materially altered the transaction.","FACT II had received multiple financing proposals exceeding the $75M minimum cash condition but deal could not proceed.","FACT II will continue to evaluate alternative business combination opportunities in accordance with its governing documents.","Related Sponsor Support Agreement and PAD Support Agreements also terminated as a result."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":259509946.1399061,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":128623,"accession_number":"0001213900-25-117572","cik":2028935,"company_name":"FACT II Acquisition Corp.","ticker":"FACT","form_type":"8-K","filed_at":"2025-12-03T23:59:59+00:00","items":["1.01","7.01","9.01"],"status":"ready","headline":"FACT II Acquisition Corp to combine with Precision Aerospace & Defense in SPAC merger with $75M minimum cash","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Business combination agreement signed Nov 26, 2025; FACT to domesticate in Delaware then merge with PAD.","PAD common stockholders receive FACT common based on 12,388,291 fixed shares; preferred get $5 cash plus additional shares.","Closing requires FACT to have at least $75M in trust after redemptions and regulatory approvals (HSR, DDTC).","Sponsor support & lock-up agreements: Sponsor HoldCo votes in favor; lock-ups of 180/90 days post-closing.","FACT to file S-4 proxy/prospectus within 40 days; closing targeted by March 31, 2026."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":259509946.1399061,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":128622,"accession_number":"0001213900-25-116729","cik":2028935,"company_name":"FACT II Acquisition Corp.","ticker":"FACT","form_type":"8-K","filed_at":"2025-12-01T23:59:59+00:00","items":["8.01","1.01","9.01"],"status":"ready","headline":"FACT II Acquisition Corp. to merge with Precision Aerospace & Defense at up to $320M EV","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Business combination implies up to $320M enterprise value for PAD at $10.00/share reference price.","PAD has non-binding term sheet with BC Partners for up to $80M credit facility and equity financing.","Combined company to be led by PAD CEO Brent Borden; PAD shareholders to own ~59% post-deal.","Transaction expected to close in first half 2026; combined co to list on Nasdaq as 'PAD'.","FACT's trust account holds ~$175M gross proceeds subject to redemptions; funds to support growth."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":259509946.1399061,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":198445,"accession_number":"0001213900-24-108628","cik":2028935,"company_name":"FACT II Acquisition Corp.","ticker":"FACT","form_type":"8-K","filed_at":"2024-12-13T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"FACT II Acquisition Corp. announces separate trading of shares and warrants starting Dec 20, 2024","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Separate trading of Class A ordinary shares (FACT) and warrants (FACTW) commences Dec 20, 2024.","Units (FACTU) will continue to trade on Nasdaq for holders who do not separate.","No fractional warrants will be issued; only whole warrants trade.","Company is a blank-check SPAC targeting business combination with management teams showing operating expertise."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"market_cap_usd":259509946.1399061,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":198444,"accession_number":"0001213900-24-105617","cik":2028935,"company_name":"FACT II Acquisition Corp.","ticker":"FACT","form_type":"8-K","filed_at":"2024-12-04T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"FACT II Acquisition Corp. completes $175M IPO and $6.6M private placement","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["IPO of 17,500,000 units at $10.00/unit raises $175M gross; each unit includes one Class A share and one-half warrant.","Private placement of 663,125 units/securities at $10.00/unit raises $6.63M; total trust deposit of $175,875,000 ($10.05 per share).","Company must complete initial business combination within 18 months (or 24 months if definitive agreement within 18 months).","Audited balance sheet as of Nov 27, 2024 shows $177.5M total assets, $175.9M in trust, and $5.7M shareholders' deficit.","Underwriters' deferred underwriting fee of $7M; over-allotment option liability of $312K; total offering costs $11.0M."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":259509946.1399061,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":198443,"accession_number":"0001213900-24-103580","cik":2028935,"company_name":"FACT II Acquisition Corp.","ticker":"FACT","form_type":"8-K","filed_at":"2024-11-27T23:59:59+00:00","items":["1.01","3.02","5.02","5.03","8.01","9.01"],"status":"ready","headline":"FACT II Acquisition Corp. consummates $175M IPO; $175.9M in trust account","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["IPO of 17,500,000 units at $10.00/unit, gross proceeds $175M (before underwriting discounts and expenses).","Total of $175,875,000 from IPO and private placement placed in trust account with Odyssey Transfer and Trust Company.","Private placement of 500,625 Private Placement Units and 162,500 Private Placement Securities raised $6,631,250.","Company has 18 months (or 24 months if definitive agreement signed within 18 months) to complete initial business combination.","Appointed Nell Cady-Kruse, James Rallo, and Hella Alashkar as new directors; board now has five members."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":259509946.1399061,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null}],"next_cursor":null}