Nov 9, 7:17 AM ET
FACT II Acquisition Corp. seeks shareholder vote to extend deadline to November 25, 2027
FACT II Acquisition Corp., a Cayman Islands blank-check company, is asking shareholders to approve extending its deadline to complete an initial business combination from November 27, 2026 to November 25, 2027, at an extraordinary general meeting set for November 17, 2026. The company also disclosed that it and its sponsor intend to seek non-redemption agreements, under which investors would agree not to redeem shares in exchange for future share transfers, which could increase the cash left in the trust account; the company states no assurance that such incentives will be offered.
- Shareholder meeting scheduled for November 17, 2026, at 10:00 a.m. Eastern Time; the deadline to submit shares for redemption is 5:00 p.m. Eastern Time on November 13, 2026.
- Estimated redemption price was approximately $10.81 per share as of November 6, 2026, based on about $189,186,398.23 in the trust account.
- Sponsor HoldCo anticipates transferring Class B ordinary shares to non-redeeming investors, with terms set in the Non-Redemption Agreements (Exhibit 10.1).