IPO - FACT II Acquisition Corp.
Form Type: CORRESP
Filing Date: 2024-11-25
Corporate Action: Ipo
Type: New
Accession Number: 000121390024101855
Filing Summary: FACT II Acquisition Corp. has submitted a request for the acceleration of the effective date of their Registration Statement on Form S-1 (File No. 333-281593) to 4:00 p.m. Eastern Time, on November 25, 2024. This request is made pursuant to Rule 461 under the Securities Act of 1933. The Company is a Cayman Islands exempted company and has designated Paul Hastings LLP as its outside counsel for assisting with this matter. The Company seeks prompt notification once the registration statement is declared effective and has provided contact details for follow-up regarding any questions.
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Additional details:
Registration Statement File Number: 333-281593
Company Name: FACT II Acquisition Corp.
Contact Person: Brandon J. Bortner
Contact Phone: (202) 551-1840
Counsel Firm: Paul Hastings LLP
Ceo Name: Adam Gishen
Form Type: CORRESP
Filing Date: 2024-11-25
Corporate Action: Ipo
Type: New
Accession Number: 000121390024101856
Filing Summary: FACT II Acquisition Corp. has filed a request for the effective date acceleration of its Registration Statement on Form S-1, originally filed on August 16, 2024, as amended. The company has asked that the Registration Statement become effective at 4:00 p.m. Eastern Time on November 25, 2024, or as soon thereafter as practicable. The undersigned parties, Cohen & Company Capital Markets, a division of J.V.B. Financial Group, LLC, and Seaport Global Securities, LLC, have indicated their compliance with the necessary regulations and acknowledge that they will ensure adequate distribution of the preliminary prospectus to underwriters and dealers participating in the distribution.
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Additional details:
Rule 461 Request: effective date acceleration requested
Registration Statement Date: 2024-08-16
Filing Type: S-1
Filing Number: 333-281593
Form Type: CORRESP
Filing Date: 2024-10-18
Corporate Action: Ipo
Type: Update
Accession Number: 000121390024089008
Filing Summary: FACT II Acquisition Corp. submitted a letter responding to comments from the SEC regarding its Registration Statement on Form S-1 filed on September 30, 2024. The letter addresses multiple comments from the SEC regarding the company's disclosures about sponsor commitments, conflicts of interest, compensation disclosures, and clarifications regarding the business combination and its implications for investors. The company acknowledged and made revisions based on SEC feedback, including clarifying the sponsor's investment risks, detailing the relationships and related party transactions, and improving risk factor disclosures. The submission also noted an update on auditor report signature issues that were addressed. This corresponds with the concurrent filing of Amendment No. 2 to the Registration Statement which incorporates these revisions and additional updates. Key updates ensure transparency and compliance with SEC regulations.
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Additional details:
Comment Number: 1
Comment Details: Sponsor HoldCo has committed to purchase 202,500 private placement units and 405,000 restricted Class A shares at a price of $10 per private placement security.
Comment Number: 3
Comment Details: Quantification of compensation received or to be received by the sponsor and its affiliates, in compliance with Regulation S-K.
Comment Number: 6
Comment Details: Added risk factor concerning sponsor's ability to divest its interest before identifying a business combination.
Comment Number: 9
Comment Details: Disclosure about the reservation of founder shares for a senior advisor, although the senior advisor's name was not disclosed.
Comment Number: 10
Comment Details: Amended audit report to include signature of current auditors.
Form Type: CORRESP
Filing Date: 2024-09-27
Corporate Action: Ipo
Type: Update
Accession Number: 000121390024082856
Filing Summary: On September 27, 2024, FACT II Acquisition Corp. submitted a letter to the SEC addressing comments from the Commission regarding their Registration Statement on Form S-1 filed on August 16, 2024. The letter details the responses to the SEC’s inquiries about the company’s offering, including investor interest, compensation disclosures, conflict of interest concerns, and the impact on Nasdaq listing eligibility. The company has made amendments throughout the registration statement to clarify investor restrictions, potential dilution, risk factors, and compensation to sponsors. Additionally, the document outlines how potential changes in circumstances will be reported in the future, and provides assurances regarding compliance with SEC regulations.
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Additional details:
Comments: The company addressed SEC inquiries regarding the registration statement.
Investor Interest Disclosed: Number of investors indicating interest and related agreements.
Risk Factor Disclosure: Disclosed potential conflicts of interest with non-managing HoldCo investors.
Amendment No: 1
Registration Statement: Amended Registration Statement on Form S-1 filed as concurrent action.
Sponsor Info: Identified the nature of the sponsor's roles and responsibilities.
Loan Reimbursements: Disclosed amounts related to loan reimbursements as requested.
Share Dilution Info: Described material potential sources of future dilution.
Conflicts Of Interest: Detailed disclosures regarding the nominal price paid for shares and associated conflicts.
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