FACT II Acquisition Corp. (FACTU) Prices $175M IPO

FACT II Acquisition Corp. (NASDAQ:FACTU) announced the pricing of its $175 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “FACTU”, Tuesday, November 26, 2024.

The new SPAC intends to conduct a broad search and combine with a target company that has demonstrated operating expertise over the past two years with a focus on growing revenues.

FACT II’s sponsor team is led by Chief Executive Officer and Director Adam Gishen and Chief Financial Officer Min Lee. Robert Rackind, Nell Cady-Kruse, James Rallo, and Hella Alashkar will serve on its Board of Directors.

Total SPAC deal count for 2024 year-to-date is now 50. This offering is expected to close on Wednesday, November 27, 2024.

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.  Paul Hastings LLP is serving as Issuer’s Counsel with Greenberg Traurig LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Odyssey Transfer and Trust Company is acting as trustee.