FACT II Acquisition Corp. (FACTU) Prices $175M IPO
by Nicholas Alan Clayton on 2024-11-26 at 10:42am

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.

Recent Posts
by Nicholas Alan Clayton on 2024-12-05 at 11:41am

Athena Technology II (NYSE:ATEK) has entered into a definitive agreement to combine with Ace Green Recycling at an equity value of $250 million. Houston, Texas-based Ace Green has developed technology for low-emissions recycling to harvest lithium, lead and other valuable resources from lithium-ion batteries. The combined company is expected to trade on a US exchange...

by Nicholas Alan Clayton on 2024-12-05 at 8:26am

At the SPAC of Dawn One of the last major pieces to fall into place for the new Trump administration has been the one that affects SPACs most directly – the chairmanship of the SEC. Paul Atkins has now been picked for the post and is set to succeed Gary Gensler who already announced his...

by Nicholas Alan Clayton on 2024-12-04 at 5:06pm

Shepherd Ave Capital Acquisition Corporation (NASDAQ:SPHAU) announced the pricing of its $75 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “SPHAU”, Thursday, December 5, 2024. The new SPAC intends to conduct a broad search for a combination target without a preference for a specific industry or region....

by Nicholas Alan Clayton on 2024-12-04 at 8:27am

At the SPAC of Dawn SPACInsider has kept a close eye on how the new tariffs ushered in by a second Trump presidency could affect SPACs and their deals moving forward. But, there is a genre of SPAC deal that has cropped up in recent years essentially as a hedge to trade tensions and they...

by Nicholas Alan Clayton on 2024-12-03 at 5:09pm

Tavia Acquisition Corp. (NASDAQ:TAVIU) announced the pricing of its $100 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “TAVIU”, Wednesday, December 4, 2024. The Company is strategically focused on sectors pivotal to advancing sustainability and innovation, including energy transition and critical materials, circular economy initiatives, and innovative...

logo

Copyright © 2023 SPACInsider, Inc. All Rights Reserved