FACT II Acquisition Corp
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $259.3M
- Price
- $10.68
- % Change (Daily % change from the live per-ticker quote feed.)
- +0.09%
- Volume
- 32.6K
About
Freedom Acquisition I Corp. does not have significant operations. The company intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or related business combination with one or more businesses. The company was incorporated in 2020 and is based in New York, New York.
Quick stats
Shares outstanding24.3M
Computed float18.3M
Float / shares75.1%
Cash runway (months)0.9
Key info
SectorFinancial Services
IndustryShell Companies
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0002028935
Websitehttps://freedomac1.com
AI Summary
AI-generated1/9
majorbearishm and a
FACT II Acquisition Corp. Announces Termination of Proposed Business Combination with Precision Aerospace & Defense Group, Inc.
FACT II Acquisition Corp. terminated its planned business combination with Precision Aerospace & Defense Group, Inc. due to unforeseen circumstances affecting a key subsidiary acquisition.
Although financing proposals exceeding the $75 million minimum cash condition were secured, the structural changes to the transaction forced the parties to discontinue the deal.
The SPAC stated it will continue to evaluate alternative business combination opportunities.
Red flags
- Business combination terminated due to unforeseen subsidiary issues
- SPAC returns to search mode with potential liquidation risk