FACT II Acquisition Corp. Announces Pricing of $175 Million Initial Public Offering
FACT II Acquisition Corp has announced the pricing of its initial public offering of 17,500,000 units at $10.00 per unit. The units will trade on the Nasdaq Global Market under symbol FACTU, comprising one Class A ordinary share and one-half redeemable warrant. Each whole warrant allows purchase of one Class A share at $11.50. The company aims to pursue business combinations, focusing on targets with proven management and revenue growth while controlling costs. Cohen & Company Capital Markets leads the offering, with Seaport Global Securities as joint book runner. The IPO includes a 45-day over-allotment option for 2,625,000 additional units.
FACT II Acquisition Corp ha annunciato la determinazione del prezzo per la sua offerta pubblica iniziale di 17.500.000 unità a 10,00 dollari per unità. Le unità verranno scambiate sul Nasdaq Global Market con il simbolo FACTU, costituite da una azione ordinaria di Classe A e da una mezza warrant di riscatto. Ogni warrant intero consente l'acquisto di un'azione di Classe A a 11,50 dollari. L'azienda mira a perseguire combinazioni aziendali, concentrandosi su obiettivi con una gestione comprovata e una crescita dei ricavi mantenendo sotto controllo i costi. Cohen & Company Capital Markets guida l'offerta, con Seaport Global Securities come co-capofila. L'IPO include un'opzione di sovrallitamento di 45 giorni per 2.625.000 unità aggiuntive.
FACT II Acquisition Corp ha anunciado la fijación del precio de su oferta pública inicial de 17.500.000 unidades a 10,00 dólares por unidad. Las unidades se negociarán en el Nasdaq Global Market bajo el símbolo FACTU, que consta de una acción ordinaria de Clase A y medio warrant de rescate. Cada warrant entero permite la compra de una acción de Clase A a 11,50 dólares. La empresa tiene como objetivo buscar combinaciones comerciales, enfocándose en objetivos con gestión probada y crecimiento de ingresos, mientras controla costos. Cohen & Company Capital Markets lidera la oferta, con Seaport Global Securities como corredor conjunto. La IPO incluye una opción de sobreasignación de 45 días para 2.625.000 unidades adicionales.
FACT II Acquisition Corp는 17,500,000개의 유닛을 개당 10.00달러에 판매할 상장공모 가격을 발표했습니다. 이 유닛은 Nasdaq Global Market에서 FACTU 기호로 거래되며, 1개의 클래스 A 보통주와 반 개의 환매 가능 워런트로 구성됩니다. 전체 워런트는 11.50달러에 클래스 A 주식을 구매할 수 있도록 합니다. 이 회사는 비용을 통제하면서 검증된 경영과 수익 성장을 갖춘 대상에 집중하여 사업 결합을 추구하는 것을 목표로 하고 있습니다. Cohen & Company Capital Markets가 이번 공모를 이끌고, Seaport Global Securities가 공동 북러너로 참여합니다. IPO에는 2,625,000개의 추가 유닛에 대한 45일 오버할로트 옵션이 포함되어 있습니다.
FACT II Acquisition Corp a annoncé le prix de son offre publique initiale de 17.500.000 unités au prix de 10,00 dollars par unité. Les unités seront échangées sur le Nasdaq Global Market sous le symbole FACTU, comprenant une action ordinaire de Classe A et une demi-option de rachat. Chaque option entière permet l'achat d'une action de Classe A à 11,50 dollars. L'entreprise vise à poursuivre des combinaisons commerciales, en se concentrant sur des cibles avec une gestion prouvée et une croissance des revenus tout en maîtrisant les coûts. Cohen & Company Capital Markets dirige l'offre, avec Seaport Global Securities comme co-leader. L'IPO comprend une option de sur-allotissement de 45 jours pour 2.625.000 unités supplémentaires.
FACT II Acquisition Corp hat den Preis für ihr öffentliche Aktienemission von 17.500.000 Einheiten zu 10,00 Dollar pro Einheit bekannt gegeben. Die Einheiten werden an der Nasdaq Global Market unter dem Symbol FACTU gehandelt und bestehen aus einer Klasse A-Stammaktie und einer halben Rückkauf-Option. Jede gesamte Option erlaubt den Kauf einer Klasse A-Aktie zu einem Preis von 11,50 Dollar. Das Unternehmen hat sich zum Ziel gesetzt, Unternehmenszusammenschlüsse zu verfolgen, wobei der Schwerpunkt auf Zielen mit bewährter Führung und Umsatzwachstum bei gleichzeitiger Kostenkontrolle liegt. Cohen & Company Capital Markets leitet das Angebot, mit Seaport Global Securities als Co-Bookrunner. Die IPO umfasst eine 45-tägige Überzeichnungsoption für 2.625.000 zusätzliche Einheiten.
- IPO raises $175 million in gross proceeds
- Listing on major exchange (Nasdaq Global Market)
- 45-day over-allotment option could provide additional $26.25 million
- No specific target business identified yet
- Warrant exercise price ($11.50) represents 15% premium to IPO price
Insights
This SPAC IPO pricing represents a significant market entry with
The SPAC's focus on businesses with proven management teams and demonstrated revenue growth while maintaining cost control is a prudent strategy in the current market environment. However, investors should note that like all SPACs, this is essentially a blank check company with no operating business and success will depend entirely on the quality of the eventual business combination target.
NEW YORK, NY, Nov. 26, 2024 (GLOBE NEWSWIRE) -- FACT II Acquisition Corp. (the “Company”) announced the pricing of its initial public offering of 17,500,000 units at a price of
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.
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. The Company has granted the underwriters a 45-day option to purchase up to 2,625,000 additional units at the initial public offering price to cover over-allotments, if any.
The public offering is being made only by means of a prospectus. When available, 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.
A registration statement relating to the securities became effective 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 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,” including with respect to the proposed initial public offering and the anticipated use of the net proceeds from the offering. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the Company will ultimately complete a business combination transaction. Forward-looking statements are subject to numerous conditions, 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 preliminary prospectus for the Company’s offering filed with the U.S. Securities and Exchange Commission (the “SEC”). 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.
Contact
Adam Gishen
FACT II Acquisition Corp.
Email: IR@freedomac2.com
Website: https://freedomac2.com/
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