FACT II Acquisition Corp. Unit’s Lock-Up Period To End on May 26th (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 expiration of the company’s lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.

FACT II Acquisition Corp. Unit Trading Up 0.1%

NASDAQ:FACTU opened at $10.17 on Wednesday. The stock’s 50 day moving average is $10.20. FACT II Acquisition Corp. Unit has a fifty-two week low of $9.93 and a fifty-two week high of $10.92.

Institutional Trading of FACT II Acquisition Corp. Unit

A number of institutional investors have recently modified their holdings of the company. TrueMark Investments LLC acquired a new position in shares of FACT II Acquisition Corp. Unit during the fourth quarter worth about $100,000. K2 Principal Fund L.P. purchased a new stake in shares of FACT II Acquisition Corp. Unit during the 4th quarter valued at about $297,000. Heights Capital Management Inc. acquired a new position in FACT II Acquisition Corp. Unit during the 4th quarter worth approximately $599,000. Schonfeld Strategic Advisors LLC acquired a new position in FACT II Acquisition Corp. Unit during the 4th quarter worth approximately $830,000. Finally, Moore Capital Management LP purchased a new position in FACT II Acquisition Corp. Unit in 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.