FACT II Acquisition Corp. Reports $1.6 Million Net Income for Q2 2025

FACT II Acquisition Corp. reported its financial results for the second quarter of 2025, revealing a net income of $1.6 million for the three months ending June 30, 2025, and $3.1 million for the six-month period. This performance is attributed primarily to interest income generated from cash held in the Trust Account, which amounted to $1.8 million and $3.6 million for the respective periods. General and administrative expenses totaled $199,558 for the quarter and $563,903 for the half-year, reflecting the company's ongoing operational costs as it prepares for a potential business combination.

Comparatively, the company’s financial performance shows a significant increase in net income from its inception through June 30, 2024, when it reported no income or expenses. The increase in interest income is a direct result of the cash held in the Trust Account, which grew to $180.2 million as of June 30, 2025, up from $176.6 million at the end of 2024. The company’s total assets also increased to $181.5 million, compared to $178.2 million at the end of the previous fiscal year.

In terms of operational developments, FACT II Acquisition Corp. has not yet engaged in any business operations or completed any acquisitions since its inception on June 19, 2024. The company remains focused on identifying potential target businesses for its initial business combination, utilizing the funds raised from its initial public offering (IPO) and private placements. The IPO, completed on November 27, 2024, raised gross proceeds of $175 million, with an additional $6.6 million from private placements. The company has incurred transaction costs of approximately $11 million related to the IPO.

As of June 30, 2025, FACT II Acquisition Corp. had a total of 18,488,125 Class A ordinary shares outstanding, with 5,833,333 Class B shares. The company’s accumulated deficit increased to $6.9 million, reflecting the ongoing costs associated with its operations and the lack of revenue generation until a business combination is completed. The company has indicated that it does not anticipate needing additional funds to meet its operational expenditures in the near term, although it may require further financing to complete a business combination or to address potential redemptions of public shares.

Looking ahead, FACT II Acquisition Corp. is actively seeking a business combination and has until May 27, 2026, to complete this process. The company acknowledges the risks associated with market conditions and geopolitical factors that could impact its ability to identify and finalize a suitable target. Management remains optimistic about the potential for future growth and the successful execution of its business strategy, although it recognizes the inherent uncertainties in the current economic environment.