Every 10-Q that FACT II Acquisition Corp. Unit (FACTU) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow FACTU 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 FACTU filings page.
FACT II Acquisition Corp., a Cayman Islands-based blank check company, reported results for the quarter ended June 30, 2026. Total assets were $187.1 million, almost entirely cash held in a Trust Account of $186.9 million invested in interest-bearing deposits. Operating cash (outside the trust) was limited, with cash and cash equivalents of $170,477 and working capital of $104,855.
For the three months ended June 30, 2026, net income was $859,927, driven mainly by $1.56 million of interest on trust funds, offset by $700,265 of general and administrative expenses. For the six months, net income totaled $1.89 million, compared with $3.08 million in the prior-year period, as expenses increased and interest income declined.
The company’s 17.5 million Class A public shares are classified as temporary equity and are redeemable at approximately $10.68 per share. Management disclosed that its limited liquidity, the termination on July 16, 2026 of the planned business combination with Precision Aerospace & Defense Group, and the need to complete an alternative deal by November 27, 2026 raise substantial doubt about its ability to continue as a going concern.
FACT II Acquisition Corp. reported net income of $1,034,133 for the quarter ended March 31, 2026, driven mainly by $1,548,784 of interest earned on cash held in its Trust Account. General and administrative expenses were $517,616 as the SPAC continues to pursue its first business combination.
Total assets were $185,815,214, including $185,334,240 of cash in the Trust Account and $412,909 of cash and cash equivalents outside the Trust. The company has not begun operating activities and remains focused on completing its proposed business combination with Precision Aerospace & Defense Group, Inc. Management discloses substantial doubt about its ability to continue as a going concern if it does not close a business combination by November 27, 2026, when it would be required to liquidate and return funds to public shareholders.
FACT II Acquisition Corp. is a blank check (SPAC) formed June 19, 2024 to pursue a business combination and has not commenced operations. The company completed an IPO on November 27, 2024, selling 17,500,000 units at $10.00 each and contemporaneous private placement units, generating gross proceeds placed in a Trust Account.
As of June 30, 2025, the Trust Account held $180,202,115, cash outside the trust was $1,088,465, and total assets were $181,457,121. For the three and six months ended June 30, 2025 the company reported net income of $1,631,524 and $3,079,421, driven primarily by interest income on trust funds of $1,819,161 and $3,604,845, respectively, offset by general and administrative expenses of $199,558 and $563,903. Basic net income per Class A share was $0.07 for the quarter and $0.13 year-to-date.
The report discloses a deferred underwriting fee of $7,000,000, the expiration of the underwriters' over-allotment option (resulting in forfeiture of 875,000 founder shares), working capital of $1,136,435, and an Extension/mandatory liquidation timetable that raises substantial doubt about the company's ability to continue as a going concern if a business combination is not completed by the prescribed liquidation date.