FACT II Acquisition Corp. to merge with Precision Aerospace & Defense at up to $320M EV

FACT II Acquisition Corp.

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.

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