- Business
- FACT II Acquisition Corp. is a blank check entity established for the express purpose of engaging in a significant business combination. Its primary objective involves executing a merger, share exchange, asset acquisition, share purchase, or similar reorganization with one or more operating businesses. Formed on June 19, 2024, the company's units commenced trading on the Nasdaq Global Market under the symbol FACTU on November 26, 2024, following its $175 million initial public offering. Headquartered in New York, NY, this special purpose acquisition company is led by a management team comprising former Credit Suisse executives. While sector-agnostic, it aims to identify target businesses globally that exhibit proven management expertise, a focus on revenue expansion, and diligent cost control. The individual Class A ordinary shares and warrants, which constitute the units, are anticipated to begin separate trading under the symbols FACT and FACTW around December 20, 2024.