FACT II Acquisition Corp（FACT）のニュースとイベントFACTFACT II Acquisition Corp

FACT II Terminates Business Combination Agreement

FACT II Acquisition announced that the previously announced business combination agreement with Precision Aerospace & Defense Group has been terminated. Adam Gishen, CEO of FACT II, noted: "Throughout this process, we worked diligently to assemble the capital required to complete the transaction and were pleased to have received multiple financing proposals on favorable market terms that would have in aggregate exceeded the minimum cash condition of $75 million as set forth in the Business Combination Agreement. Unfortunately, the unforeseen circumstances affecting a key subsidiary acquisition materially altered the transaction that FACT II had agreed to pursue, leaving the parties with no alternative but to discontinue the proposed business combination. We thank PAD and its advisers for the considerable time and effort invested throughout the transaction process." FACT II will continue to evaluate alternative business combination opportunities in accordance with its governing documents.

Precision Aerospace & Defense Group Plans to Acquire Telecommunications Equipment Company

Precision Aerospace & Defense Group, an aerospace and defense engineering and manufacturing company, announced its entry into a non-binding Letter of Intent to acquire a leading provider of telecommunications equipment, surveillance systems, and structural steel fabrication defense applications. The announcement follows the company's previously disclosed proposed business combination with FACT II Acquisition Corp. If the acquisition is consummated, PAD expects Target to bolster its financial performance, bringing an additional estimated $12M and $3.8M of projected revenue and EBITDA, respectively, for the calendar year ended December 31, 2026.

Precision Aerospace & Defense Group and FACT II Update Merger Filing

Precision Aerospace & Defense Group and FACT II Acquisition Corp. have publicly filed an amended registration statement on Form S-4 with the U.S. Securities and Exchange Commission in connection with their proposed business combination. The amended filing includes updated financial information and additional disclosures relating to the proposed transaction first announced on December 1, 2025. PAD has built a diversified platform spanning engineering & sustainment, precision manufacturing and advanced non-destructive testing, serving aerospace, defense, commercial aviation and space customers through multiple AS9100-certified and ITAR-registered U.S. facilities. Upon closing of the Business Combination, the combined company will be named Precision Aerospace & Defense Group, Inc., with its common stock and warrants anticipated to trade on the New York Stock Exchange under the ticker symbol "PAD." The proposed transaction remains subject to FACT shareholder approvals, applicable regulatory and listing approvals, and other customary closing conditions.