FACT II Acquisition Corp. reported its financial results for the third quarter of 2025, revealing a net income of $1,266,719 for the three months ending September 30, 2025, compared to a net loss of $104,287 for the same period in 2024. The company attributed this positive shift primarily to interest income earned on cash held in its Trust Account, which amounted to $1,860,392 during the quarter. For the nine months ended September 30, 2025, the company recorded a net income of $4,346,140, significantly up from the loss of $104,287 reported for the period from its inception on June 19, 2024, through September 30, 2024.
The company’s total assets as of September 30, 2025, were $183,190,923, a slight increase from $178,218,232 at the end of 2024. The Trust Account, which holds funds from the company’s initial public offering (IPO), saw an increase to $182,062,506 from $176,597,270. However, total liabilities also rose to $8,600,946 from $7,974,395, primarily due to an increase in deferred legal fees. The company’s accumulated deficit increased to $(7,473,211) from $(6,354,203) as it continues to incur general and administrative expenses related to its operations.
In terms of operational metrics, FACT II Acquisition Corp. has not yet commenced any business operations or generated revenue from business activities, as it remains focused on identifying a target for its initial business combination. The company has maintained a consistent number of shares outstanding, with 988,125 Class A ordinary shares and 5,833,333 Class B ordinary shares as of September 30, 2025. The company’s management has indicated that it will utilize the funds in the Trust Account to complete its initial business combination, which must occur within 18 months of the IPO, or by May 27, 2026, unless extended.
Looking ahead, the company expressed uncertainty regarding its ability to complete a business combination within the required timeframe, raising concerns about its ability to continue as a going concern. The management noted that while it does not anticipate needing additional funds for operational expenditures, it may require further financing to complete a business combination or to address potential redemptions of public shares. The company’s future performance will largely depend on its success in identifying and executing a business combination, as well as navigating the current market conditions, which have been impacted by geopolitical tensions and economic volatility.
About FACT II Acquisition Corp.
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