FACT II Acquisition Corp. completes $175M IPO and $6.6M private placement

FACT II Acquisition Corp.

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.

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