FACT II Acquisition, the second SPAC led by former executives of Credit Suisse targeting financial services, filed on Friday with the SEC to raise up to $175 million in an initial public offering.
The New York, NY-based company plans to raise $175 million by offering 17.5 million units at $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50. At the proposed deal size, FACT II Acquisition would command a market value of $240 million.
The company is led by Executive Chairman Robert Rackind, who previously served Global Head of Real Estate at Credit Suisse Asset Management from 2022 to 2023, and before that led his own Real Estate firm. He is joined by CEO Adam Gishen, who most recently served as CEO of SPAC Freedom Acquisition I, and before that was the Global Head of Investor Relations, Corporate Communications, and Marketing and Branding at Credit Suisse.
FACT II Acquisition was founded in 2024 and plans to list on the Nasdaq under the symbol FACTU. Cohen & Company Securities is the sole bookrunner on the deal.
