FACT II Sets November 10 Vote on 12-Month SPAC Deadline Extension to Avoid Liquidation
FACT is trading near its 52-week low of $10.305 (4.2% above the low) on elevated volume (23× avg).
Summary
FACT II Acquisition Corp. will hold a shareholder vote on November 10, 2026 to extend its SPAC deadline by 12 months. The trust account holds $188.7 million ($10.78/share redemption price). Without approval, the company liquidates.
Key Events · Corporate Governance and Compliance · FACT
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Extension Vote Set for November 10
Shareholders will vote on extending the business combination deadline from November 27, 2026 to November 25, 2027. The board unanimously recommends approval.
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Trust Account Holds $188.7M
As of October 9, 2026, the trust account held approximately $188,656,922.18, equating to a redemption price of about $10.78 per public share — $0.04 above the current market price.
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Liquidation Risk Without Approval
If the extension fails and no business combination completes by November 27, 2026, FACT II will cease operations, redeem public shares, and liquidate. Warrants would expire worthless.
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Initial Shareholders Commit 27.1% Support
Initial Shareholders holding 6,598,333 shares (27.1% of outstanding) intend to vote in favor. Approval still requires 9,615,973 Class A shares if all vote, or 1,508,821 if only a quorum is present.
Analysis · FACT · Manufacturing
FACT II Acquisition Corp. has finalized its shareholder meeting for November 10, 2026, to vote on extending its business combination deadline from November 27, 2026 to November 25, 2027. The company's trust account holds approximately $188.7 million, translating to a redemption price of about $10.78 per share — slightly above the current market price of $10.74. Without approval, FACT II will be forced to liquidate and return trust funds to public shareholders. The Initial Shareholders, holding 27.1% of outstanding shares, have committed to vote in favor, but the extension still requires significant public shareholder support: at least 9.6 million Class A shares if all shares vote, or 1.5 million if only a quorum is present. This vote is the company's last chance to avoid dissolution after its proposed merger with Precision Aerospace & Defense Group collapsed in July 2026.
How filings like this one have moved
In the 30 days to Oct 29, 2026, 31% of the 1656 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.01%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, FACT was trading at $10.74 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $261.2M. The 52-week trading range was $10.31 to $10.75. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.