Back to SPAC Pulse
0 watching

FACT

TerminatedDeal announced

FACT II Acquisition Corp

Merging with Precision Aerospace & Defense Group, Inc.

Deal announced 2025-12-03

Pulse

8

↓Terminated

0–100 vitality — and a read on how the book feels about this shell.

% done

8%

Path to close

Price

$10.66

Mkt 259.27M

What is Pulse?

SPAC Pulse measures the current vitality of a deal on a 0–100 scale. A new IPO starts near 50 — a healthy heart with room both ways. It is not weakening just because nothing has printed yet. Weakening is a tag for a slowing beat (stalling cadence), not a quiet shell. 10-Q / 10-K on time is a good beat; an NT is a deficiency. File the report late, then file the NT late, and Pulse falls — that is how public investors read whether management is on top of the shell. Filing recovers some of it. It never pretends the miss did not happen. When other new IPOs file that window on time, they are no longer equal — those shells are healthier. High readings mean the deal book is accelerating; low readings flag life-support risk. Full methodology lives on the desk.

Rate + Lead II · 25 mm/s

Pulse Timeline

Top trace is the Pulse rate. Bottom is the filing lead — R-wave when the rate lifts, QS when it slows. Height is the change.

0255075100II
  1. 04-16 S-4/A
  2. 05-11 10-Q
  3. 05-18 S-4/A
  4. 07-21 Terminated
  5. 08-12 10-Q
  6. 10-07 Now
Auto interpretation · Lead II printoutAgonal / asystole watchPulse 8

Close path is over. This strip is the afterlife, not a recovery.

Silent —Beats/90d 0Recent gap —

Marks on this strip

  • 01-02S-4. Book opened. Amendment velocity starts here. +10
  • 03-1310-K. Periodic report. Pulse -1 — calendar, not the S-4.
  • 04-16S-4/A. Amendment printed. Pulse +3.
  • 05-1110-Q. Periodic report on time. +2
  • 05-18S-4/A. Amendment printed. Pulse +5.
  • 07-21Terminated. Deal canceled. Flatline on close path.
  • 08-1210-Q. Periodic report on time. unchanged
  • 10-07Now. No new filing. Rate holds from the last mark.

Impression: combination canceled. Do not read old S-4 beats as a live heart.

Unconfirmed machine read · not medical advice · not financial advice

Skin in the game

medium

Target

early

Historical context

S-4 on file in the archive

Precedent from 27 names in the Pulse archive (closed, liquidated, and broken deals). Archive base rate is one input; live beat speed then moves Pulse. Not a forecast.

Close rate
100%
Median days left
105
Archive n
27

Status

Terminated

Exchange

Nasdaq

Rights

No

Warrants

Listed

CIK

0002028935

IPO date

2024-11-26

Market cap

259.27M

Days to deadline

—

SEC tickers

FACT, FACTU, FACTW

Sponsor

—

S-4 / F-4 filer

Holdco · Precision Aerospace & Defense Group, Inc.

Fiscal year

December 31

Next filing

10-Q 2026-11-14

Vote

—

Schedule

What is due next

Fiscal year
Ends December 31 · 10-K cover
This window
10-Q due 2026-08-14 · filed
Next due
10-Q 2026-11-14Period 2026-09-30
Pulse
+6

10-Q for period ended 2026-06-30, due 2026-08-14. 10-Q 2026-08-12 on time (+6).

On time with this window. Pulse stays even with the other new listings that filed.

Meetings

No shareholder meeting dated in the Q&A or calendar.

Price history

Delayed exchange prints — common, rights, units, warrants when listed. Last price is in the header. This tape does not move Pulse.

Loading quotes…

Loading chart…

S-4 study: rights conversion did not change across amendments for this name. See amendment impact

S-4 amendment timeline

Shrinking gaps mean the deal is progressing. The tag says whether that filing cleared a checklist, dropped a hurdle, or repriced the deal.

  • Merging company

    On file

    Precision Aerospace & Defense Group, Inc.

  • Close timing Q&A

    On file

    second quarter of 2026

  • Meeting Q&A

    Gap

    No meeting Q captured.

  • Proxy card

    Gap

    No form of proxy in the exhibits yet.

  • 10-Q / 10-K

    On file

    10-Q for period ended 2026-06-30, due 2026-08-14. 10-Q 2026-08-12 on time (+6).

Q&A · close

When do you expect the Business Combination to be completed? A: It is currently expected that the Business Combination will be consummated in the second quarter of 2026. This date depends, among other things, on the approval of the proposals to be put to FACT Shareholders at the EGM. However, such meeting could be adjourned if the Adjournment Proposal is adopted by the FACT Shareholders at the EGM and FACT elects to adjourn the EGM to a later date or dates, if necessary or desirable. If the Adjournment Proposal is not approved, and a quorum is present, the FACT Board will not have the ability to adjourn the EGM to a later date in order to solicit further votes or take other steps to cause the conditions to the Business Combination to be satisfied, for example. In such event, the Business Combination would not be completed. For a description of the conditions for the completion of the Business Combination, see Proposal No. 1 The Business Combination Proposal.

  1. 10-Q2026-08-12

    10-Q

  2. 8-K2026-07-21

    Terminated combination with Precision Aerospace & Defense Group, Inc.

  3. 4252026-06-09

    FORM 425

  4. 4252026-06-05

    FORM 425

  5. 4252026-05-19

    FORM 425

Show 28 more filings
  1. S-4/A2026-05-18Checklist

    S-4/A — Precision Aerospace & Defense Group, Inc.

  2. 10-Q2026-05-11

    10-Q

  3. 4252026-05-07

    FORM 425

  4. S-4/A2026-04-16Deal terms

    S-4/A — Precision Aerospace & Defense Group, Inc.

  5. 4252026-04-16

    FORM 425

  6. 4252026-03-26

    FORM 425

  7. 4252026-03-20

    FORM 425

  8. 4252026-03-16

    FORM 425

  9. 10-K2026-03-13

    10-K

  10. 4252026-03-12

    FORM 425

  11. 4252026-03-04

    FORM 425

  12. 4252026-03-03

    FORM 425

  13. 4252026-02-25

    FORM 425

  14. 4252026-02-09

    FORM 425

  15. S-42026-01-02Initial filing

    S-4 — Precision Aerospace & Defense Group, Inc.

  16. 4252025-12-05

    FORM 425

  17. 8-K2025-12-03

    Item 1.01 Entry Into A Material Definitive Agreement

  18. 4252025-12-03

    CURRENT REPORT

  19. 4252025-12-01

    CURRENT REPORT

  20. 8-K2025-12-01

    CURRENT REPORT

  21. 10-Q2025-11-12

    10-Q

  22. 10-Q2025-08-13

    10-Q

  23. 10-Q2025-05-14

    10-Q

  24. 10-K2025-03-27

    10-K

  25. 10-Q2025-01-07

    10-Q

  26. 8-K2024-12-13

    CURRENT REPORT

  27. 8-K2024-12-04

    CURRENT REPORT

  28. 8-K2024-11-27

    CURRENT REPORT

Your notes

Saved on this device only.

Journal

Latest journal

All notes
  1. BCCQ 425 files on proposed Ursa Major combinationBCCQ · 2026-08-31
  2. HVII 425: ONE Nuclear executes binding LOI for 2.88 GW Project CaymanHVII · 2026-08-31
  3. BREZ Audit Committee concludes May 14, 2026 balance sheet cannot be relied upon; restatement requiredBREZ · 2026-08-31
  4. OCAC dismisses YCM CPA INC., appoints HYYH CPA. LLCOCAC · 2026-08-31
  5. SAMO Units separate; Class A shares and warrants begin individual trading on NYSESAMO · 2026-08-31