FACT II Acquisition Corp. Announces the Separate Trading of Its Class A Ordinary Shares and Warrants, Commencing on December 20, 2024

Rhea-AI Summary

FACT II Acquisition Corp. (Nasdaq: FACTU) has announced that starting December 20, 2024, unit holders from its IPO can separately trade Class A ordinary shares and warrants. The separated securities will trade on Nasdaq under symbols FACT (ordinary shares) and FACTW (warrants), while unseparated units continue trading as FACTU.

Only whole warrants will trade, with no fractional warrants being issued. Unit holders must contact Odyssey Transfer and Trust Company to separate their units. The company aims to pursue a business combination, focusing on targets with proven management teams that demonstrate revenue growth while maintaining cost control. Cohen & Company Capital Markets led the underwritten offering, with Seaport Global Securities as joint book runner.

NEW YORK, NY, Dec. 13, 2024 (GLOBE NEWSWIRE) -- FACT II Acquisition Corp. (Nasdaq: FACTU) (the “Company”) today announced that, commencing on December 20, 2024, holders of the units (the “Units”) sold in the Company’s initial public offering may elect to separately trade the Company’s Class A ordinary shares (the “Ordinary Shares”) and warrants (the “Warrants”) included in the Units.

The Ordinary Shares and Warrants received from the separated Units will trade on the Nasdaq Global Market (“Nasdaq”) under the symbols “FACT” and “FACTW”, respectively. Units that are not separated will continue to trade on Nasdaq under the symbol “FACTU”. No fractional Warrants will be issued upon separation of the Units and only whole Warrants will trade. Holders of Units will need to have their brokers contact Odyssey Transfer and Trust Company, the Company’s transfer agent, in order to separate the Units into Ordinary Shares and Warrants.

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.

The Units were initially offered by the Company in an underwritten offering. Cohen & Company Capital Markets, a division of J.V.B. Financial Group, LLC, acted as lead book-running manager, and Seaport Global Securities acted as joint book runner. 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.

The registration statement relating to the securities of the Company was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) 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 an 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” that involve risks and uncertainties. Forward-looking statements are statements that are not historical facts. Forward-looking statements are subject to numerous risks and uncertainties, 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 final prospectus for the Company’s initial public offering filed with the SEC, which could cause actual results to differ from forward-looking statements. 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. No assurance can be given that the Company will ultimately complete a business combination transaction.

Contact

Adam Gishen
FACT II Acquisition Corp.
Email: IR@freedomac2.com
Website: https://freedomac2.com/

FAQ

When will FACT II Acquisition Corp's units begin trading separately on Nasdaq?

FACT II Acquisition Corp's units will begin trading separately as Class A ordinary shares (FACT) and warrants (FACTW) on December 20, 2024.

What are the new trading symbols for FACT II Acquisition Corp's separated securities?

The Class A ordinary shares will trade under FACT and warrants under FACTW, while unseparated units will continue trading under FACTU.

How can FACTU unit holders separate their units into shares and warrants?

Unit holders need to contact their brokers, who will then need to contact Odyssey Transfer and Trust Company, the company's transfer agent, to separate the units.

What is FACT II Acquisition Corp's business combination strategy?

The company seeks targets with management teams showing clear operating expertise over the past two years, focusing on revenue growth while maintaining cost control and cash preservation.

Will fractional warrants be issued when separating FACTU units?

No, fractional warrants will not be issued upon separation of the units, and only whole warrants will trade.