10-Q Filing

FACT II Acquisition Corp. CIK: 2028935 Q1 2025

Filing Information

Form Type	10-Q
Accession Number	`0001213900-25-043309`
Period End Date	20250331
Filing Date	20250514
Fiscal Year	2025
Fiscal Period	Q1
XBRL Instance	ea0241098-10q_fact2_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 100 Income Statement 12 Cash Flow Statement 26 Stockholders Equity 16

Balance Sheet 100 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, 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
Cash	`Cash`	$1.22M	USD	Point-in-time
Cash	`Cash`	$1.22M	USD	Point-in-time
Cash	`Cash`	$1.45M	USD	Point-in-time
Cash	`Cash`	$1.45M	USD	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
Ordinary shares subject to possible redemption, per share (in Dollars per share)	`TemporaryEquityRedemptionPricePerShare`	$10.19	USD	Point-in-time
Ordinary shares subject to possible redemption, per share (in Dollars per share)	`TemporaryEquityRedemptionPricePerShare`	$10.19	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$157.91K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$157.91K	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
Prepaid expenses	`PrepaidExpenseCurrent`	$95.83K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$95.83K	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
Total current assets	`AssetsCurrent`	$1.38M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.38M	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, authorized	`PreferredStockSharesAuthorized`	1.00M	shares	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, authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preference shares, issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Preference shares, issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Prepaid insurance	`PrepaidExpenseNoncurrent`	$55.96K	USD	Point-in-time
Prepaid insurance	`PrepaidExpenseNoncurrent`	$55.96K	USD	Point-in-time
Prepaid insurance	`PrepaidExpenseNoncurrent`	$77.21K	USD	Point-in-time
Prepaid insurance	`PrepaidExpenseNoncurrent`	$77.21K	USD	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
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
Cash held in Trust Account	`AssetsHeldInTrustNoncurrent`	$178.38M	USD	Point-in-time
Cash held in Trust Account	`AssetsHeldInTrustNoncurrent`	$178.38M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$178.22M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$178.22M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$179.82M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$179.82M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$127.11K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$127.11K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$97.84K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$97.84K	USD	Point-in-time
Over-allotment option liability	`OverallotmentOptionLiabilityCurrent`	$26.56K	USD	Point-in-time
Over-allotment option liability	`OverallotmentOptionLiabilityCurrent`	$26.56K	USD	Point-in-time
Over-allotment option liability	`OverallotmentOptionLiabilityCurrent`	-	USD	Point-in-time
Over-allotment option liability	`OverallotmentOptionLiabilityCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$127.11K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$127.11K	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 legal fees	`DeferredLegalFeesNonCurrent`	$1.00M	USD	Point-in-time
Deferred legal fees	`DeferredLegalFeesNonCurrent`	$1.00M	USD	Point-in-time
Deferred underwriting fee payable	`DeferredUnderwritingFeePayableNonCurrent`	$7.00M	USD	Point-in-time
Deferred underwriting fee payable	`DeferredUnderwritingFeePayableNonCurrent`	$7.00M	USD	Point-in-time
Deferred underwriting fee payable	`DeferredUnderwritingFeePayableNonCurrent`	$7.00M	USD	Point-in-time
Deferred underwriting fee payable	`DeferredUnderwritingFeePayableNonCurrent`	$7.00M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$8.13M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$8.13M	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
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 approximately $10.19 and $10.09 per share at March 31, 2025 and December 31, 2024, respectively	`TemporaryEquityCarryingAmountAttributableToParent`	$176.60M	USD	Point-in-time
Class A ordinary shares subject to possible redemption, 17,500,000 shares at redemption value of approximately $10.19 and $10.09 per share at March 31, 2025 and December 31, 2024, respectively	`TemporaryEquityCarryingAmountAttributableToParent`	$176.60M	USD	Point-in-time
Class A ordinary shares subject to possible redemption, 17,500,000 shares at redemption value of approximately $10.19 and $10.09 per share at March 31, 2025 and December 31, 2024, respectively	`TemporaryEquityCarryingAmountAttributableToParent`	$178.38M	USD	Point-in-time
Class A ordinary shares subject to possible redemption, 17,500,000 shares at redemption value of approximately $10.19 and $10.09 per share at March 31, 2025 and December 31, 2024, respectively	`TemporaryEquityCarryingAmountAttributableToParent`	$178.38M	USD	Point-in-time
Preference shares, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding at March 31, 2025 and December 31, 2024	`PreferredStockValue`	-	USD	Point-in-time
Preference shares, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding at March 31, 2025 and December 31, 2024	`PreferredStockValue`	-	USD	Point-in-time
Preference shares, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding at March 31, 2025 and December 31, 2024	`PreferredStockValue`	-	USD	Point-in-time
Preference shares, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding at March 31, 2025 and December 31, 2024	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	-	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
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-6.69M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-6.69M	USD	Point-in-time
TOTAL SHAREHOLDERS DEFICIT	`StockholdersEquity`	$-6.69M	USD	Point-in-time
TOTAL SHAREHOLDERS DEFICIT	`StockholdersEquity`	$-6.69M	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, ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION AND SHAREHOLDERS DEFICIT	`LiabilitiesAndStockholdersEquity`	$179.82M	USD	Point-in-time
TOTAL LIABILITIES, ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION AND SHAREHOLDERS DEFICIT	`LiabilitiesAndStockholdersEquity`	$179.82M	USD	Point-in-time
TOTAL LIABILITIES, ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION AND SHAREHOLDERS DEFICIT	`LiabilitiesAndStockholdersEquity`	$178.22M	USD	Point-in-time
TOTAL LIABILITIES, 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 expenses	`GeneralAndAdministrativeExpense`	$364.35K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$364.35K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-364.35K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-364.35K	USD	1 Quarter
Change in fair value of over-allotment liability	`FairValueAdjustmentOfWarrants`	$-26.56K	USD	1 Quarter
Change in fair value of over-allotment liability	`FairValueAdjustmentOfWarrants`	$-26.56K	USD	1 Quarter
Interest earned on cash held in Trust Account	`InvestmentIncomeInterest`	$1.79M	USD	1 Quarter
Interest earned on cash held in Trust Account	`InvestmentIncomeInterest`	$1.79M	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$1.81M	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$1.81M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.45M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.45M	USD	1 Quarter

Cash Flow Statement 26 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$1.45M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.45M	USD	1 Quarter
Change in fair value of over-allotment liability	`FairValueAdjustmentOfWarrants`	$-26.56K	USD	1 Quarter
Change in fair value of over-allotment liability	`FairValueAdjustmentOfWarrants`	$-26.56K	USD	1 Quarter
Interest earned on cash held in Trust Account	`InvestmentIncomeInterest`	$1.79M	USD	1 Quarter
Interest earned on cash held in Trust Account	`InvestmentIncomeInterest`	$1.79M	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$62.07K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$62.07K	USD	1 Quarter
Prepaid insurance	`IncreaseDecreaseInPrepaidInsurance`	$-21.25K	USD	1 Quarter
Prepaid insurance	`IncreaseDecreaseInPrepaidInsurance`	$-21.25K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$29.27K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$29.27K	USD	1 Quarter
Deferred legal fees	`IncreaseDecreaseInDeferredLegalFees`	$150.00K	USD	1 Quarter
Deferred legal fees	`IncreaseDecreaseInDeferredLegalFees`	$150.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-225.90K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-225.90K	USD	1 Quarter
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-225.90K	USD	1 Quarter
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-225.90K	USD	1 Quarter
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, beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.22M	USD	Point-in-time
Cash, beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.22M	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
Cash, end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.22M	USD	Point-in-time
Cash, end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.22M	USD	Point-in-time

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-6.69M	USD	Point-in-time
Balance	`StockholdersEquity`	$-6.69M	USD	Point-in-time
Balance	`StockholdersEquity`	$-6.35M	USD	Point-in-time
Balance	`StockholdersEquity`	$-6.35M	USD	Point-in-time
Forfeiture of Founder Shares	`StockIssuedDuringPeriodValueShareBasedCompensationForfeited`	-	USD	1 Quarter
Forfeiture of Founder Shares	`StockIssuedDuringPeriodValueShareBasedCompensationForfeited`	-	USD	1 Quarter
Accretion for common stock to redemption amount	`TemporaryEquityAccretionToRedemptionValue`	$13.39M	USD	Annual
Accretion for common stock to redemption amount	`TemporaryEquityAccretionToRedemptionValue`	$13.39M	USD	Annual
Accretion for common stock to redemption amount	`TemporaryEquityAccretionToRedemptionValue`	$1.79M	USD	1 Quarter
Accretion for common stock to redemption amount	`TemporaryEquityAccretionToRedemptionValue`	$1.79M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.45M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.45M	USD	1 Quarter
Balance	`StockholdersEquity`	$-6.69M	USD	Point-in-time
Balance	`StockholdersEquity`	$-6.69M	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.