11:16 AM EST, 11/26/2024 (MT Newswires) -- Fact II Acquisition (FACTU) said Tuesday it priced its initial public offering of 17.5 million units at $10 apiece.

IPO underwriters have a 45-day overallotment option to acquire up to about 2.6 million additional units.

Each unit comprises one class A ordinary share and one-half of one redeemable warrant, with each warrant exercisable at $11.50 per share.

The company expects its units to start trading on the Nasdaq Global Market under the ticker symbol FACTU Tuesday, while its shares and warrants will be listed under the symbols FACT and FACTW, respectively.

Fact II Acquisition expects the IPO to close Wednesday.

Price: 9.95, Change: -0.05, Percent Change: -0.50