{"id":983417,"date":"2026-07-21T16:28:54","date_gmt":"2026-07-21T20:28:54","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/fact-ii-acquisition-corp-announces-termination-of-proposed-business-combination-with-precision-aerospace-defense-group-inc\/"},"modified":"2026-07-21T16:28:54","modified_gmt":"2026-07-21T20:28:54","slug":"fact-ii-acquisition-corp-announces-termination-of-proposed-business-combination-with-precision-aerospace-defense-group-inc","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/fact-ii-acquisition-corp-announces-termination-of-proposed-business-combination-with-precision-aerospace-defense-group-inc\/","title":{"rendered":"FACT II Acquisition  Corp. Announces Termination of Proposed Business Combination with Precision Aerospace &amp; Defense Group, Inc."},"content":{"rendered":"<div class=\"mw_release\">\n<p>\n        <strong>New York, NY, July  21, 2026  (GLOBE NEWSWIRE) &#8212; <\/strong>\u00a0FACT II Acquisition Corp. (\u201cFACT II\u201d), a special purpose acquisition company, announced today that the previously announced Business Combination Agreement with Precision Aerospace &amp; Defense Group, Inc. (\u201cPAD\u201d) has been terminated.<\/p>\n<p>Adam Gishen, Chief Executive Officer of FACT II,\u00a0noted:<\/p>\n<p>\u201cThroughout 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.\u201d<\/p>\n<p>FACT II will continue to evaluate alternative business combination opportunities in accordance with its governing documents.<\/p>\n<p>FACT II thanks all of its shareholders, advisers and stakeholders for their continued support.<\/p>\n<p>Additional information about the termination of the Business Combination Agreement will be provided in a Current Report on Form\u00a08-K to be filed by FACT II with the Securities and Exchange Commission (the \u201cCommission\u201d) and will be available at\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=wgAHnF9qO6G8SKyWa05Yekm7bxxYk6wef3sYozxjtEe6m9D8SaqT44kXkxEZsnZ6sekbKD3dFrlcf6u61MXX-Q==\" rel=\"nofollow\" target=\"_blank\">www.sec.gov<\/a>.<\/p>\n<p>\n        <b>About FACT II <\/b>\n      <\/p>\n<p>FACT II is a special purpose acquisition company formed in 2024 for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. Headquartered in New York, New York, FACT II is led by Chief Executive Officer Adam Gishen, who, alongside FACT II\u2019s leadership team, has decades of experience in global finance, investor relations, and capital markets. In November 2024, FACT II raised $175 million in gross proceeds in its initial public offering. FACT II\u2019s strategy is to identify opportunities where a combination of capital, talent and network will improve the customer experience and drive value for all stakeholders, which focuses on leveraging FACT II\u2019s management team to improve profitability and demonstrate growth across mature and emerging markets. FACT II\u2019s units, Class A ordinary shares, and warrants are listed on the Nasdaq Global Market (NASDAQ: FACTU, FACT, FACTW).<\/p>\n<p>\n        <strong>Forward-Looking Statements<\/strong>\n      <\/p>\n<p>This press release contains forward-looking statements within the meaning of applicable U.S. securities laws. Forward-looking statements generally are accompanied by words such as \u201cbelieve,\u201d \u201cmay,\u201d \u201cwill,\u201d \u201cestimate,\u201d \u201ccontinue,\u201d \u201canticipate,\u201d \u201cintend,\u201d \u201cexpect,\u201d \u201cshould,\u201d \u201cwould,\u201d \u201cplan,\u201d \u201cpredict,\u201d \u201cpotential,\u201d \u201cseem,\u201d \u201cseek,\u201d \u201cfuture,\u201d \u201coutlook\u201d and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These statements are based on current expectations on the date of this press release and involve a number of risks and uncertainties that may cause actual results to differ significantly. Forward-looking statements are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed or implied by such statements. These risks and uncertainties include, but are not limited to, those described in FACT II\u2019s filings with the Commission. FACT II undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.<\/p>\n<p>\n        <b>Contact <\/b>\n      <\/p>\n<p>\n        <b>FACT II Acquisition Corp.:<\/b>\n      <\/p>\n<p>Email: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=9lAqXudWtZzfXTJOOCBM9lahsulKy-POqm7eSi1lpajIWpMhYuslkHAoWPJ7Ez9UMnpaka5_oCUIvRbQ_19cA-MuMK5TOGneiA-YhVRJs9M=\" rel=\"nofollow\" target=\"_blank\">ir@freedomac2.com<\/a><\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTc2NTg3NyM3NzE2ODUyIzUwMDEzMDQ5Mg==\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/ZjFiODJhZDMtMjAwMS00MmE0LWE3NWQtNmFkMWQwNGIxMDI0LTUwMDEzMDQ5Mi0yMDI2LTA3LTIxLWVu\/tiny\/FACT-II-Acquisition-Corp-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>New York, NY, July 21, 2026 (GLOBE NEWSWIRE) &#8212; \u00a0FACT II Acquisition Corp. (\u201cFACT II\u201d), a special purpose acquisition company, announced today that the previously announced Business Combination Agreement with Precision Aerospace &amp; Defense Group, Inc. (\u201cPAD\u201d) has been terminated. Adam Gishen, Chief Executive Officer of FACT II,\u00a0noted: \u201cThroughout 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 &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/fact-ii-acquisition-corp-announces-termination-of-proposed-business-combination-with-precision-aerospace-defense-group-inc\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;FACT II Acquisition  Corp. Announces Termination of Proposed Business Combination with Precision Aerospace &amp; Defense Group, Inc.&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-983417","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>FACT II Acquisition Corp. Announces Termination of Proposed Business Combination with Precision Aerospace &amp; Defense Group, Inc. - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/fact-ii-acquisition-corp-announces-termination-of-proposed-business-combination-with-precision-aerospace-defense-group-inc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FACT II Acquisition Corp. Announces Termination of Proposed Business Combination with Precision Aerospace &amp; Defense Group, Inc. - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"New York, NY, July 21, 2026 (GLOBE NEWSWIRE) &#8212; \u00a0FACT II Acquisition Corp. (\u201cFACT II\u201d), a special purpose acquisition company, announced today that the previously announced Business Combination Agreement with Precision Aerospace &amp; Defense Group, Inc. (\u201cPAD\u201d) has been terminated. Adam Gishen, Chief Executive Officer of FACT II,\u00a0noted: \u201cThroughout 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 &hellip; Continue reading &quot;FACT II Acquisition Corp. 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