FACT II Acquisition Corp. Unit’s Lock-Up Period To End Tomorrow (NASDAQ:FACTU)

FACT II Acquisition Corp. Unit’s (NASDAQ:FACTU) lock-up period is set to end on Monday, May 26th. FACT II Acquisition Corp. Unit had issued 17,500,000 shares in its IPO on November 26th. The total size of the offering was $175,000,000 based on an initial share price of $10.00. After the end of FACT II Acquisition Corp. Unit’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

FACT II Acquisition Corp. Unit Price Performance

FACTU stock opened at $10.17 on Friday. FACT II Acquisition Corp. Unit has a 12 month low of $9.93 and a 12 month high of $10.92. The business has a 50-day moving average of $10.21.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in FACTU. TrueMark Investments LLC bought a new position in FACT II Acquisition Corp. Unit in the 4th quarter valued at approximately $100,000. K2 Principal Fund L.P. bought a new position in FACT II Acquisition Corp. Unit in the 4th quarter valued at approximately $297,000. Heights Capital Management Inc. bought a new position in FACT II Acquisition Corp. Unit during the 4th quarter worth approximately $599,000. Schonfeld Strategic Advisors LLC bought a new position in FACT II Acquisition Corp. Unit during the 4th quarter worth approximately $830,000. Finally, Moore Capital Management LP bought a new position in FACT II Acquisition Corp. Unit during the 4th quarter worth approximately $998,000.

FACT II Acquisition Corp. Unit Company Profile

We are a blank check company, incorporated as a Cayman Islands exempted company whose business purpose is to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination.