10-Q Filing

FACT II Acquisition Corp. CIK: 2028935 Q3 2024

Filing Information

Form Type	10-Q
Accession Number	`0001213900-25-001637`
Period End Date	20240930
Filing Date	20250107
Fiscal Year	2024
Fiscal Period	Q3
XBRL Instance	ea0226825-10q_fact2_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 34 Income Statement 14 Cash Flow Statement 28 Stockholders Equity 12

Balance Sheet 34 line items

Line Item	Tag	Value	Unit	Period
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
Preference shares, authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preference shares, authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preference shares, issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Preference shares, issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Preference shares, outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Preference shares, outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Current asset cash	`Cash`	$11.59K	USD	Point-in-time
Current asset cash	`Cash`	$11.59K	USD	Point-in-time
Deferred offering costs	`DeferredOfferingCosts`	$345.24K	USD	Point-in-time
Deferred offering costs	`DeferredOfferingCosts`	$345.24K	USD	Point-in-time
Total Assets	`Assets`	$356.83K	USD	Point-in-time
Total Assets	`Assets`	$356.83K	USD	Point-in-time
Accrued offering costs	`AccruedOfferingCosts`	$277.64K	USD	Point-in-time
Accrued offering costs	`AccruedOfferingCosts`	$277.64K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrentAndNoncurrent`	$33.50K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrentAndNoncurrent`	$33.50K	USD	Point-in-time
Total Liabilities	`Liabilities`	$436.12K	USD	Point-in-time
Total Liabilities	`Liabilities`	$436.12K	USD	Point-in-time
Commitments and Contingencies (Note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies (Note 6)	`CommitmentsAndContingencies`	-	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`	$24.33K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$24.33K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-104.29K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-104.29K	USD	Point-in-time
Total Shareholders Deficit	`StockholdersEquity`	$-79.29K	USD	Point-in-time
Total Shareholders Deficit	`StockholdersEquity`	$-79.29K	USD	Point-in-time
Total Shareholders Deficit	`StockholdersEquity`	-	USD	Point-in-time
Total Shareholders Deficit	`StockholdersEquity`	-	USD	Point-in-time
Total Liabilities and Shareholders Deficit	`LiabilitiesAndStockholdersEquity`	$356.83K	USD	Point-in-time
Total Liabilities and Shareholders Deficit	`LiabilitiesAndStockholdersEquity`	$356.83K	USD	Point-in-time

Income Statement 14 line items

Line Item	Tag	Value	Unit	Period
General and administrative costs	`OperatingCostsAndExpenses`	$104.29K	USD	1 Quarter
General and administrative costs	`OperatingCostsAndExpenses`	$104.29K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-104.29K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-104.29K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-104.29K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-104.29K	USD	1 Quarter
Weighted average Class B ordinary shares outstanding, basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	5.13M	shares	1 Quarter
Weighted average Class B ordinary shares outstanding, basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	5.13M	shares	1 Quarter
Weighted average Class B ordinary shares outstanding, diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.13M	shares	1 Quarter
Weighted average Class B ordinary shares outstanding, diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.13M	shares	1 Quarter
Basic net loss per Class B ordinary share (in Dollars per share)	`EarningsPerShareBasic`	$-0.02	USD	1 Quarter
Basic net loss per Class B ordinary share (in Dollars per share)	`EarningsPerShareBasic`	$-0.02	USD	1 Quarter
Diluted net loss per Class B ordinary share (in Dollars per share)	`EarningsPerShareDiluted`	$-0.02	USD	1 Quarter
Diluted net loss per Class B ordinary share (in Dollars per share)	`EarningsPerShareDiluted`	$-0.02	USD	1 Quarter

Cash Flow Statement 28 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-104.29K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-104.29K	USD	1 Quarter
Formation costs paid by Sponsor in exchange for issuance of Class B ordinary shares	`FormationCostsPaidBySponsorInExchangeForIssuanceOfClassBOrdinaryShares`	$19.80K	USD	1 Quarter
Formation costs paid by Sponsor in exchange for issuance of Class B ordinary shares	`FormationCostsPaidBySponsorInExchangeForIssuanceOfClassBOrdinaryShares`	$19.80K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$33.50K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$33.50K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-51.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-51.00K	USD	1 Quarter
Proceeds from issuance of founder shares to Sponsor HoldCo	`ProceedsFromIssuanceOfCommonStock`	$25.00K	USD	1 Quarter
Proceeds from issuance of founder shares to Sponsor HoldCo	`ProceedsFromIssuanceOfCommonStock`	$25.00K	USD	1 Quarter
Advance from related party	`ProceedsFromRelatedPartyDebt`	$105.19K	USD	1 Quarter
Advance from related party	`ProceedsFromRelatedPartyDebt`	$105.19K	USD	1 Quarter
Payment of offering costs	`PaymentOfOfferingCosts`	$67.60K	USD	1 Quarter
Payment of offering costs	`PaymentOfOfferingCosts`	$67.60K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$62.59K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$62.59K	USD	1 Quarter
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$11.59K	USD	1 Quarter
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$11.59K	USD	1 Quarter
Cash Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Cash Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Cash Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$11.59K	USD	Point-in-time
Cash Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$11.59K	USD	Point-in-time
Cash End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Cash End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Cash End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$11.59K	USD	Point-in-time
Cash End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$11.59K	USD	Point-in-time
Deferred offering costs included in accrued offering costs	`DeferredOfferingCostsIncludedInAccruedOfferingCosts`	$277.64K	USD	1 Quarter
Deferred offering costs included in accrued offering costs	`DeferredOfferingCostsIncludedInAccruedOfferingCosts`	$277.64K	USD	1 Quarter

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-79.29K	USD	Point-in-time
Balance	`StockholdersEquity`	$-79.29K	USD	Point-in-time
Balance	`StockholdersEquity`	-	USD	Point-in-time
Balance	`StockholdersEquity`	-	USD	Point-in-time
Issuance of Class B ordinary shares to Sponsor	`StockIssuedDuringPeriodValueNewIssues`	$25.00K	USD	1 Quarter
Issuance of Class B ordinary shares to Sponsor	`StockIssuedDuringPeriodValueNewIssues`	$25.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-104.29K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-104.29K	USD	1 Quarter
Balance	`StockholdersEquity`	$-79.29K	USD	Point-in-time
Balance	`StockholdersEquity`	$-79.29K	USD	Point-in-time
Balance	`StockholdersEquity`	-	USD	Point-in-time
Balance	`StockholdersEquity`	-	USD	Point-in-time

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