FACT II Acquisition Corp. Announces Pricing of $175 Million Initial Public Offering
2024年11月27日 - 12:36AM
FACT II Acquisition Corp. (the “Company”) announced the pricing of
its initial public offering of 17,500,000 units at a price of
$10.00 per unit on November 25, 2024. The units are expected to be
listed for trading on the Nasdaq Global Market under the ticker
symbol “FACTU” beginning November 26, 2024. Each unit consists of
one Class A ordinary share and one-half of one redeemable warrant
of the Company. Each whole warrant entitles the holder thereof to
purchase one Class A ordinary share at a price of $11.50 per share,
subject to certain adjustments. Once the securities comprising the
units begin separate trading, the Company expects that its Class A
ordinary shares and warrants will be listed on the Nasdaq Global
Market under the symbols “FACT” and “FACTW”, respectively. The
offering is expected to close on November 27, 2024, subject to
customary closing conditions.
The Company was formed for the purpose of effecting a merger,
share exchange, asset acquisition, share purchase, reorganization
or similar business combination with one or more businesses. The
Company may pursue an initial business combination opportunity in
any industry or sector but intends to focus its search on a target
business with a management team who has demonstrated clear
operating expertise over the past two years, with a focus on
growing revenues, while operating with demonstrated control over
operating costs and preservation of cash.
Cohen & Company Capital Markets, a division of
J.V.B. Financial Group, LLC, is acting as lead book-running
manager, and Seaport Global Securities is acting as joint book
runner. The Company has granted the underwriters a 45-day option to
purchase up to 2,625,000 additional units at the initial public
offering price to cover over-allotments, if any.
The public offering is being made only by means of a prospectus.
When available, copies of the prospectus relating to the offering
may be obtained from Cohen & Company Capital Markets, 3
Columbus Circle, 24th Floor, New York, NY 10019, Attention:
Prospectus Department, or by email at:
capitalmarkets@cohencm.com.
A registration statement relating to the securities became
effective on November 25, 2024. This press release shall not
constitute an offer to sell or the solicitation of an offer to buy,
nor shall there be any sale of these securities in any state or
jurisdiction in which such offer, solicitation, or sale would be
unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
Forward-Looking Statements
This press release contains statements that constitute
“forward-looking statements,” including with respect to the
proposed initial public offering and the anticipated use of the net
proceeds from the offering. No assurance can be given that the
offering discussed above will be completed on the terms described,
or at all, or that the Company will ultimately complete a business
combination transaction. Forward-looking statements are subject to
numerous conditions, many of which are beyond the control of the
Company, including those set forth in the Risk Factors section of
the Company’s registration statement and preliminary prospectus for
the Company’s offering filed with the U.S. Securities and Exchange
Commission (the “SEC”). Copies of these documents are available on
the SEC’s website, at www.sec.gov. The Company undertakes no
obligation to update these statements for revisions or changes
after the date of this release, except as required by
law.
Contact
Adam GishenFACT II Acquisition Corp.Email:
IR@freedomac2.comWebsite: https://freedomac2.com/
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