FACT II Acquisition Corp. (FACTW) Warrant
Each FACTW warrant gives the holder the right to buy 1 share of FACT II Acquisition Corp. at $11.50 per share, for five years after the company completes its merger. The stock last closed at $10.72, below the strike, so the warrant is out of the money. FACT II Acquisition Corp. has a market value of about $260.73M. FACT II Acquisition Corp. is a SPAC (deal terminated). It must complete a deal by November 27, 2026 or the warrants expire worthless. There are 8.75M listed warrants; exercising all of them would add 36.0% to the 24.32M shares outstanding.
FACT vs strike, last 12 months
No share-price history for FACT yet.
Key terms
- Strike per share
- $11.50
- Shares per warrant
- 1
- Cash to exercise one warrant
- $11.50
- Expiry
- merger + 5 years
- Redemption trigger
- $18.00
- Cashless exercise
- allowed
- Break-even stock price
- $11.68
From the issuer's S-1/A (2024-11-21).
Company and stock
- Company
- FACT II Acquisition Corp.
- Underlying stock
- FACT
- Share price
- $10.72
- Market cap
- $260.73M
- Shares outstanding
- 24.32M
- Value of all listed warrants
- $1.59M (0.6% of market cap)
Market cap is the last share price times shares outstanding (as of 10-Q 2026-). All SEC filings for this company.
Model value vs price Pro
- Model value
- Last price
- $0.1815
- Price / model
Get Pro to see whether FACTW is cheap or rich against our model.
Dilution
- Shares outstanding
- 24.32M
- Listed warrants
- 8.75M
- Dilution if all exercised
- 36.0%
Warrant count from filing iXBRL: PublicWarrantMember.
SPAC deal
- Status
- deal terminated
- Target
- Precision Aerospace & Defense Group, Inc.
- Deal announced
- 2025-11-26
- Deadline
- 2026-11-27
- Latest possible deadline
- 2026-11-27
- Trust per share
- $10.68
- Sponsor
- FACT II Acquisition Parent LLC
- Sponsor's earlier SPACs
- 1 (1 closed a deal)
- Chance of a deal
A SPAC warrant is worth nothing if no deal closes by the deadline.
Filings and events
Questions about FACTW
When does the FACTW warrant expire?
Five years after the SPAC completes its merger; if no merger closes by the deadline, the warrants expire worthless.
What is the strike price of FACTW?
$11.50 per share; each warrant converts into 1 share, so exercising one warrant costs $11.50.
How many FACTW warrants are outstanding?
8.75M listed warrants, equal to 36.0% dilution if all are exercised.