secwatch.observer — SEC 8-K summary
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Issuer:     FACT II Acquisition Corp. (FACT)
CIK:        0002028935
Form:       8-K
Filed at:   2024-12-04T23:59:59+00:00
Accession:  0001213900-24-105617
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2028935/000121390024105617/0001213900-24-105617-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2028935/000121390024105617/ea0223510-8k_fact2acq.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-105617

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