FACT II Acquisition has terminated its Business Combination Agreement with Precision Aerospace & Defense Group, effective July 16, 2026, ending plans to merge. In line with that decision, the Sponsor Support Agreement and two PAD Stockholder Support Agreements also ended pursuant to their terms. No termination fees or penalties were disclosed. The company said the termination lifts related voting and support commitments tied to the proposed transaction.
Agreement 1: FACT II Acquisition Ends Merger Agreement With Precision Aerospace & Defense Group
- Agreement terminated: Business Combination Agreement
- Counterparty: Precision Aerospace & Defense Group
- Original agreement date: Nov 26 2025
- Termination date: Jul 16 2026
- Termination type: mutual
- Reason: Parties ended proposed merger
Agreement 2: FACT II Acquisition Sponsor Support Agreement Terminates After Merger Cancellation
- Agreement terminated: Sponsor Support Agreement
- Counterparty: Sponsor HoldCo
- Original agreement date: Nov 26 2025
- Termination date: Jul 16 2026
- Termination type: mutual
- Reason: Merger agreement terminated
Agreement 3: FACT II Acquisition Ends PAD Stockholder Support Agreement Dated Jan. 6, 2026
- Agreement terminated: Stockholder Support Agreement
- Counterparty: Certain PAD Stockholders
- Original agreement date: Jan 06 2026
- Termination date: Jul 16 2026
- Termination type: mutual
- Reason: Merger agreement terminated
Agreement 4: FACT II Acquisition Ends PAD Stockholder Support Agreement Dated Jan. 19, 2026
- Agreement terminated: Stockholder Support Agreement
- Counterparty: Certain PAD Stockholders
- Original agreement date: Jan 19 2026
- Termination date: Jul 16 2026
- Termination type: mutual
- Reason: Merger agreement terminated
Original SEC Filing:
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