Fact II Acquisition FY26 Q2 net income drops 47.29% to $859,927
FACT•Six-month results and balance sheet
Six-month net income dropped 38.49% to USD 1.89 million, reflecting USD 3.11 million of trust interest income.
The Trust Account totaled USD 186.89 million at June 30, with USD 170,477 in cash outside the trust.
PAD deal terminated, company seeks new transaction
The PAD business combination agreement was terminated on July 16 with no termination fee, and the company said it is targeting a new deal before Nov. 27, 2026.
Quarterly net income declines as trust interest falls
Fact II Acquisition posts Q2 net income of USD 859,927, down 47.29% from a year earlier.
Trust-account interest income fell 14.29% to USD 1.56 million, while general and administrative expenses jumped to USD 700,265.
