Fact II Acquisition terminates deal with Precision Aerospace & Defense Group
FACT•Deal termination and reasons
- Fact II Acquisition terminated its business combination agreement with Precision Aerospace & Defense Group.
- The deal was dropped after unforeseen issues tied to a key subsidiary acquisition materially changed the transaction structure.
- Financing proposals received would have exceeded the agreement’s USD 75 million minimum cash condition.
- Fact II plans to pursue alternative business combination opportunities.
