10-K Filing

FACT II Acquisition Corp. CIK: 2028935 FY 2024

Filing Information

Form Type	10-K
Accession Number	`0001013762-25-003405`
Period End Date	20241231
Filing Date	20250327
Fiscal Year	2024
Fiscal Period	FY
XBRL Instance	ea0234674-10k_fact2acq_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 54 Income Statement 12 Cash Flow Statement 46 Stockholders Equity 22

Balance Sheet 54 line items

Line Item	Tag	Value	Unit	Period
Ordinary shares subject to possible redemption, shares at redemption value	`TemporaryEquitySharesOutstanding`	17.50M	shares	Point-in-time
Ordinary shares subject to possible redemption, shares at redemption value	`TemporaryEquitySharesOutstanding`	17.50M	shares	Point-in-time
Ordinary shares subject to possible redemption, per share (in Dollars per share)	`TemporaryEquityRedemptionPricePerShare`	$10.09	USD	Point-in-time
Ordinary shares subject to possible redemption, per share (in Dollars per share)	`TemporaryEquityRedemptionPricePerShare`	$10.09	USD	Point-in-time
Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Preference shares, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preference shares, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.45M	USD	Point-in-time
Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.45M	USD	Point-in-time
Preference shares, authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preference shares, authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$95.83K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$95.83K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.54M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.54M	USD	Point-in-time
Preference shares, issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Preference shares, issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Prepaid insurance	`PrepaidExpenseNoncurrent`	$77.21K	USD	Point-in-time
Prepaid insurance	`PrepaidExpenseNoncurrent`	$77.21K	USD	Point-in-time
Preference shares, outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Preference shares, outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Cash held in Trust Account	`AssetsHeldInTrustNoncurrent`	$176.60M	USD	Point-in-time
Cash held in Trust Account	`AssetsHeldInTrustNoncurrent`	$176.60M	USD	Point-in-time
Total Assets	`Assets`	$178.22M	USD	Point-in-time
Total Assets	`Assets`	$178.22M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrentAndNoncurrent`	$97.84K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrentAndNoncurrent`	$97.84K	USD	Point-in-time
Over-allotment option liability	`OverallotmentOptionLiability`	$26.56K	USD	Point-in-time
Over-allotment option liability	`OverallotmentOptionLiability`	$26.56K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$124.39K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$124.39K	USD	Point-in-time
Deferred legal fees	`DeferredLegalFeesNonCurrent`	$850.00K	USD	Point-in-time
Deferred legal fees	`DeferredLegalFeesNonCurrent`	$850.00K	USD	Point-in-time
Deferred underwriting fee	`DeferredUnderwritingFeeNonCurrent`	$7.00M	USD	Point-in-time
Deferred underwriting fee	`DeferredUnderwritingFeeNonCurrent`	$7.00M	USD	Point-in-time
Total Liabilities	`Liabilities`	$7.97M	USD	Point-in-time
Total Liabilities	`Liabilities`	$7.97M	USD	Point-in-time
Commitments and Contingencies (Note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies (Note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Class A ordinary shares subject to possible redemption, 17,500,000 shares at redemption value of $10.09 per share	`TemporaryEquityCarryingAmountAttributableToParent`	$176.60M	USD	Point-in-time
Class A ordinary shares subject to possible redemption, 17,500,000 shares at redemption value of $10.09 per share	`TemporaryEquityCarryingAmountAttributableToParent`	$176.60M	USD	Point-in-time
Preference shares, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preference shares, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	-	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-6.35M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-6.35M	USD	Point-in-time
Total Shareholders Deficit	`StockholdersEquity`	-	USD	Point-in-time
Total Shareholders Deficit	`StockholdersEquity`	-	USD	Point-in-time
Total Shareholders Deficit	`StockholdersEquity`	$-6.35M	USD	Point-in-time
Total Shareholders Deficit	`StockholdersEquity`	$-6.35M	USD	Point-in-time
Total Liabilities, Class A Ordinary Shares Subject to Possible Redemption, and Shareholders Deficit	`LiabilitiesAndStockholdersEquity`	$178.22M	USD	Point-in-time
Total Liabilities, Class A Ordinary Shares Subject to Possible Redemption, and Shareholders Deficit	`LiabilitiesAndStockholdersEquity`	$178.22M	USD	Point-in-time

Income Statement 12 line items

Line Item	Tag	Value	Unit	Period
General and administrative costs	`OperatingCostsAndExpenses`	$1.08M	USD	2 Qtrs
General and administrative costs	`OperatingCostsAndExpenses`	$1.08M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-1.08M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-1.08M	USD	2 Qtrs
Change in fair value of over-allotment liability	`FairValueAdjustmentOfWarrants`	$-285.74K	USD	2 Qtrs
Change in fair value of over-allotment liability	`FairValueAdjustmentOfWarrants`	$-285.74K	USD	2 Qtrs
Interest earned on cash held in Trust Account	`InvestmentIncomeInterest`	$722.27K	USD	2 Qtrs
Interest earned on cash held in Trust Account	`InvestmentIncomeInterest`	$722.27K	USD	2 Qtrs
Total other income	`NonoperatingIncomeExpense`	$1.01M	USD	2 Qtrs
Total other income	`NonoperatingIncomeExpense`	$1.01M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-71.89K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-71.89K	USD	2 Qtrs

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-71.89K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-71.89K	USD	2 Qtrs
Change in fair value of over-allotment liability	`FairValueAdjustmentOfWarrants`	$-285.74K	USD	2 Qtrs
Change in fair value of over-allotment liability	`FairValueAdjustmentOfWarrants`	$-285.74K	USD	2 Qtrs
Interest earned on cash held in Trust Account	`InvestmentIncomeInterest`	$722.27K	USD	2 Qtrs
Interest earned on cash held in Trust Account	`InvestmentIncomeInterest`	$722.27K	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidTaxes`	$95.83K	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidTaxes`	$95.83K	USD	2 Qtrs
Prepaid insurance	`IncreaseDecreaseInPrepaidInsurance`	$77.21K	USD	2 Qtrs
Prepaid insurance	`IncreaseDecreaseInPrepaidInsurance`	$77.21K	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$97.84K	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$97.84K	USD	2 Qtrs
Deferred legal fees	`IncreaseDecreaseInDeferredLegalFees`	$850.00K	USD	2 Qtrs
Deferred legal fees	`IncreaseDecreaseInDeferredLegalFees`	$850.00K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-305.10K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-305.10K	USD	2 Qtrs
Investment of cash into Trust Account	`PaymentsToAcquireInvestments`	$175.88M	USD	2 Qtrs
Investment of cash into Trust Account	`PaymentsToAcquireInvestments`	$175.88M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-175.88M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-175.88M	USD	2 Qtrs
Proceeds from issuance of Class B ordinary shares to Sponsor	`ProceedsFromIssuanceOfCommonStock`	$25.00K	USD	2 Qtrs
Proceeds from issuance of Class B ordinary shares to Sponsor	`ProceedsFromIssuanceOfCommonStock`	$25.00K	USD	2 Qtrs
Proceeds from sale of Units, net of underwriting discounts paid	`ProceedsFromSaleOfUnitsNetOfUnderwritingDiscountsPaid`	$171.50M	USD	2 Qtrs
Proceeds from sale of Units, net of underwriting discounts paid	`ProceedsFromSaleOfUnitsNetOfUnderwritingDiscountsPaid`	$171.50M	USD	2 Qtrs
Proceeds from sale of Private Placements Warrants	`ProceedsFromIssuanceOfPrivatePlacement`	$6.63M	USD	2 Qtrs
Proceeds from sale of Private Placements Warrants	`ProceedsFromIssuanceOfPrivatePlacement`	$6.63M	USD	2 Qtrs
Proceeds from advances from Sponsor	`ProceedsFromRelatedPartyDebt`	$4.40M	USD	2 Qtrs
Proceeds from advances from Sponsor	`ProceedsFromRelatedPartyDebt`	$4.40M	USD	2 Qtrs
Repayment of advances from Sponsor through the private placement proceeds	`RepaymentOfAdvancesFromSponsorThroughThePrivatePlacementProceeds`	$4.40M	USD	2 Qtrs
Repayment of advances from Sponsor through the private placement proceeds	`RepaymentOfAdvancesFromSponsorThroughThePrivatePlacementProceeds`	$4.40M	USD	2 Qtrs
Payment of offering costs	`PaymentOfFinancingAndStockIssuanceCosts`	$528.23K	USD	2 Qtrs
Payment of offering costs	`PaymentOfFinancingAndStockIssuanceCosts`	$528.23K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$177.63M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$177.63M	USD	2 Qtrs
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$1.45M	USD	2 Qtrs
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$1.45M	USD	2 Qtrs
Cash, beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Cash, beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Cash, beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.45M	USD	Point-in-time
Cash, beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.45M	USD	Point-in-time
Cash, end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Cash, end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Cash, end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.45M	USD	Point-in-time
Cash, end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.45M	USD	Point-in-time
Deferred underwriting fee payable	`DeferredUnderwritingFeePayable`	$7.00M	USD	2 Qtrs
Deferred underwriting fee payable	`DeferredUnderwritingFeePayable`	$7.00M	USD	2 Qtrs

Stockholders Equity 22 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	-	USD	Point-in-time
Balance	`StockholdersEquity`	-	USD	Point-in-time
Balance	`StockholdersEquity`	$-6.35M	USD	Point-in-time
Balance	`StockholdersEquity`	$-6.35M	USD	Point-in-time
Class B ordinary shares issued to Sponsor	`StockIssuedDuringPeriodValueNewIssues`	$25.00K	USD	2 Qtrs
Class B ordinary shares issued to Sponsor	`StockIssuedDuringPeriodValueNewIssues`	$25.00K	USD	2 Qtrs
Sale of Private Placement Warrants	`SaleOfPrivatePlacementWarrants`	$6.47M	USD	2 Qtrs
Sale of Private Placement Warrants	`SaleOfPrivatePlacementWarrants`	$6.47M	USD	2 Qtrs
Fair value of Public Warrants at issuance	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$525.00K	USD	2 Qtrs
Fair value of Public Warrants at issuance	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$525.00K	USD	2 Qtrs
Sale of Restricted Shares	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	$159.25K	USD	2 Qtrs
Sale of Restricted Shares	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	$159.25K	USD	2 Qtrs
Allocated value of transaction costs to Class A ordinary shares	`AllocatedValueOfTransactionCostsToClassAOrdinary`	$-71.96K	USD	2 Qtrs
Allocated value of transaction costs to Class A ordinary shares	`AllocatedValueOfTransactionCostsToClassAOrdinary`	$-71.96K	USD	2 Qtrs
Accretion for common stock to redemption amount	`TemporaryEquityAccretionToRedemptionValue`	$13.39M	USD	2 Qtrs
Accretion for common stock to redemption amount	`TemporaryEquityAccretionToRedemptionValue`	$13.39M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-71.89K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-71.89K	USD	2 Qtrs
Balance	`StockholdersEquity`	-	USD	Point-in-time
Balance	`StockholdersEquity`	-	USD	Point-in-time
Balance	`StockholdersEquity`	$-6.35M	USD	Point-in-time
Balance	`StockholdersEquity`	$-6.35M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.