Here are the 10-K annual reports from FACT II Acquisition Corp. (FACT) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow FACT and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full FACT filings page.
FACT II Acquisition Corp., a Cayman Islands-based SPAC, filed its annual report describing its blank-check structure and a proposed business combination with Precision Aerospace & Defense Group, Inc. (PAD). The company has generated no operating revenue and is focused on completing this initial merger.
On November 26, 2025, FACT II signed a Business Combination Agreement to domesticate into a Delaware corporation and then merge a subsidiary into PAD, leaving PAD as a wholly owned subsidiary. PAD common stockholders will share 12,388,291 FACT common shares, while PAD preferred holders receive $5.00 per share in cash plus specified FACT share allocations.
The deal requires shareholder approvals, SEC effectiveness of a Form S-4 registration statement, regulatory clearances and at least $75,000,000 of available cash after redemptions and expenses. If closing has not occurred by March 31, 2026, or minimum cash and approvals are not met, the agreement can be terminated. FACT II’s structure provides up to 24 months from its IPO to close a business combination, with public shareholders able to redeem shares for cash, initially based on $10.05 per public share held in trust.