FACT II Acquisition Corp (FACT) is a blank check company formed for the purpose of completing a merger, capital stock exchange, asset acquisition, or similar business combination with one or more target businesses. It generates no operating revenue; instead, proceeds from its initial public offering are held in a trust account, with $10.05 per share available to public shareholders pending a completed transaction. The company signed a Business Combination Agreement with Precision Aerospace & Defense Group, Inc. on November 25, 2025, filed with the SEC on December 3, 2025. FACT is headquartered in New York, New York, and completed its IPO on November 25, 2024. The management team, including CFO Min Lee and attorney-in-fact Adam Gishen, draws on networks spanning private equity, investment banking, and senior corporate leadership to source acquisition targets. The company's fiscal year ended December 31, 2025, per its 10-K filed March 13, 2026.

Revenue model

No operating revenue. IPO proceeds are held in trust. Economic return to sponsors depends entirely on completing a qualifying business combination, at which point deferred underwriting commissions are released from the trust account.

Products and services

Blank check acquisition vehicle. Securities issued include Class A ordinary shares, warrants, and units, as registered under the S-1 filed November 21, 2024. Pending business combination target: Precision Aerospace & Defense Group, Inc., per the Business Combination Agreement dated November 25, 2025.

Customers and end markets

No revenue-generating customers. End market exposure is determined by the acquisition target. The announced target, Precision Aerospace & Defense Group, Inc., indicates aerospace and defense as the intended end market.

Value-chain role

Special purpose acquisition company (SPAC). Acts as a capital aggregation and deal-sourcing vehicle, bridging private companies seeking public market access with public market investors.

Geographic exposure

Headquartered in New York, New York. No operating geographic footprint disclosed beyond U.S. registration and domicile.

Source: SEC 10-K, filed 2026-03-13

Industry: Aircraft Parts & Auxiliary Equipment, NEC