FACT II Acquisition Corp. Announces the Separate Trading of Its Class A Ordinary Shares and Warrants, Commencing on December 20, 2024
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.
FACT II Acquisition Corp. (Nasdaq: FACTU) ha annunciato che a partire dal 20 dicembre 2024, i detentori di unità del suo IPO potranno negoziare separatamente le azioni ordinarie di Classe A e i warrant. I titoli separati verranno scambiati su Nasdaq con i simboli FACT (azioni ordinarie) e FACTW (warrant), mentre le unità non separate continueranno a essere negoziate come FACTU.
Solo i warrant interi verranno scambiati e non saranno emessi warrant frazionari. I detentori di unità devono contattare Odyssey Transfer and Trust Company per separare le proprie unità. L'azienda punta a perseguire una combinazione aziendale, concentrandosi su obiettivi con team di gestione testati che dimostrano crescita dei ricavi, mantenendo nel contempo il controllo dei costi. Cohen & Company Capital Markets ha guidato l'offerta garantita, con Seaport Global Securities in qualità di co-book runner.
FACT II Acquisition Corp. (Nasdaq: FACTU) ha anunciado que a partir del 20 de diciembre de 2024, los tenedores de unidades de su OPI podrán negociar por separado las acciones ordinarias de Clase A y los warrants. Los valores separados se negociarán en Nasdaq bajo los símbolos FACT (acciones ordinarias) y FACTW (warrants), mientras que las unidades no separadas continuarán negociándose como FACTU.
Solo se negociarán warrants enteros, no se emitirán warrants fraccionarios. Los tenedores de unidades deben contactar a Odyssey Transfer and Trust Company para separar sus unidades. La empresa tiene como objetivo buscar una combinación comercial, enfocándose en objetivos con equipos de gestión probados que demuestren crecimiento de ingresos mientras mantienen el control de costos. Cohen & Company Capital Markets lideró la oferta garantizada, con Seaport Global Securities como co-director de libro.
FACT II Acquisition Corp. (Nasdaq: FACTU)는 2024년 12월 20일부터 IPO의 유닛 보유자들이 클래스 A 보통주와 워런트를 별도로 거래할 수 있음을 발표했습니다. 분리된 증권은 FACT (보통주) 및 FACTW (워런트) 기호로 나스닥에서 거래될 예정이며, 분리되지 않은 유닛은 FACTU로 계속 거래됩니다.
전체 워런트만 거래되며, 부분 워런트는 발행되지 않습니다. 유닛 보유자는 유닛을 분리하기 위해 Odyssey Transfer and Trust Company에 연락해야 합니다. 회사는 입증된 관리 팀이 있는 두 배 성장을 목표로 하는 사업 조합을 추구하는 것을 목표로 하고 있으며 비용 통제를 유지합니다. Cohen & Company Capital Markets가 보증된 제안을 이끌었고, Seaport Global Securities가 공동 북런너 역할을 했습니다.
FACT II Acquisition Corp. (Nasdaq: FACTU) a annoncé qu'à partir du 20 décembre 2024, les détenteurs d'unités de son introduction en bourse pourront négocier séparément les actions ordinaires de Classe A et les bons de souscription. Les titres séparés seront négociés sur le Nasdaq sous les symboles FACT (actions ordinaires) et FACTW (bons de souscription), tandis que les unités non séparées continueront à être négociées sous FACTU.
Seuls des bons de souscription entiers seront échangés, aucun bon de souscription fractionné ne sera émis. Les détenteurs d'unités doivent contacter Odyssey Transfer and Trust Company pour séparer leurs unités. L'entreprise vise à poursuivre une combinaison commerciale, en se concentrant sur des cibles avec des équipes de gestion éprouvées qui démontrent une croissance des revenus tout en maintenant le contrôle des coûts. Cohen & Company Capital Markets a dirigé l'offre souscrite, avec Seaport Global Securities en tant que co-directeur de livre.
FACT II Acquisition Corp. (Nasdaq: FACTU) hat bekannt gegeben, dass ab dem 20. Dezember 2024 die Inhaber von Einheiten aus ihrem IPO die Stammaktien der Klasse A und Warrant separat handeln können. Die separaten Wertpapiere werden an der Nasdaq unter den Symbolen FACT (Stammaktien) und FACTW (Warrants) gehandelt, während die nicht separierten Einheiten weiterhin als FACTU gehandelt werden.
Es werden nur gesamte Warrants gehandelt, es werden keine fraktionierten Warrants ausgegeben. Einheiteninhaber müssen sich an die Odyssey Transfer and Trust Company wenden, um ihre Einheiten zu trennen. Das Unternehmen will eine Unternehmenszusammenführung anstreben und sich auf Ziele mit bewährten Managementteams konzentrieren, die Umsatzwachstum zeigen und dabei die Kosten unter Kontrolle halten. Cohen & Company Capital Markets leitete das platzierte Angebot, während Seaport Global Securities als Co-Bookrunner fungierte.
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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?
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How can FACTU unit holders separate their units into shares and warrants?
What is FACT II Acquisition Corp's business combination strategy?
Will fractional warrants be issued when separating FACTU units?
