FACT II Acquisition Corp. (FACT) Form 10-Q — May 11, 2026
FACT II Acquisition Corp. reported net income of $1.03 million for the quarter ended March 31, 2026, driven primarily by $1.55 million in interest income earned on the $185.3 million held in its trust account. The company, which has not yet commenced operations or generated revenue, incurred general and administrative expenses of approximately $517,616 during the period. The company holds a definitive business combination agreement dated November 26, 2025, to merge with Precision Aerospace & Defense Group, Inc.
Key figures
- Eps
- 0.04
- Revenue
- 0
- Net Income
- 1034133
- Total Assets
- 185815214
- Cash Position
- 412909
- Cash And Equivalents
- 412909
- Trust account balance
- 185334240
- Redemption value per share
- 10.59
Price after filing
Close on the filing date to close N calendar days later (from $10.57). Historical, not a forecast.
AI analysis
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