Precision Aerospace & Defense and FACT II to Merge with Enterprise Value of $320M
Precision Aerospace & Defense and FACT II Acquisition announced that they have entered into a definitive business combination agreement. Upon closing of the proposed business combination, the combined company will operate under the name Precision Aerospace & Defense. The transaction implies an enterprise value of up to $320M for Precision Aerospace & Defense, assuming a $10.00 per share price and after giving effect to certain pending acquisitions. It is expected that the combined company will continue to be led by Precision Aerospace & Defense's existing management team, with Brent Borden remaining as CEO. In connection with the proposed business combination, Precision Aerospace & Defense has entered into a non-binding indicative term sheet with BC Partners relating to a potential credit facility and equity financing of up to an anticipated aggregate amount of $80M. The financing is subject to numerous conditions, including, without limitation, the completion of due diligence and the execution and delivery of definitive documentation. The company anticipates that the financing, together with the funds in FACT's trust account, would provide funding to strengthen PAD's balance sheet, finance strategic acquisitions, and support ongoing growth. In addition, the parties may seek other sources of financing in connection with the business combination and to bolster PAD's balance sheet and fund future growth initiatives. Following the business combination, Precision Aerospace & Defense's current shareholders are expected to own approximately 59% of the combined company's outstanding shares. The business combination is expected to be completed in the first half of 2026, subject to the approval of the parties' shareholders, any applicable regulatory approvals, the approval for listing by Nasdaq of the combined company's common stock and warrants, and other customary closing conditions. Upon closing, the combined company will be renamed Precision Aerospace & Defense, and the combined company's common stock and warrants are anticipated to be listed on the Nasdaq Stock Market under the ticker symbol (PAD).
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Precision Aerospace & Defense Group Reschedules Investor Day to March 2026
- Investor Day Rescheduled: Due to a winter storm impacting New York City, Precision Aerospace & Defense Group has postponed its Investor Day from February 25, 2026, to March 12, 2026, at 2:00 PM ET, providing an opportunity for in-depth analysis of the company's strategy and financial status.
- Business Combination Context: The Investor Day is linked to the proposed business combination with FACT II Acquisition Corp., where PAD's leadership will discuss market dynamics, business model, and strategic priorities, aiming to bolster investor confidence in the merger.
- Live Webcast Arrangements: The Investor Day will be streamed live on the company's website, and investors can register via email to attend in person, ensuring attendees receive real-time updates on the company's latest developments and future directions.
- Company Background Overview: Founded in 2016, Precision Aerospace & Defense Group specializes in high-precision components and testing solutions, rapidly growing through a targeted acquisition strategy and establishing a strong customer base across key markets, including military and commercial aviation.
Precision Aerospace & Defense Group to Merge with FACT II Acquisition Corp, Valued at $320 Million
- Merger Agreement: Precision Aerospace & Defense Group has entered into a merger agreement with FACT II Acquisition Corp, valuing the transaction at up to $320 million, which is expected to provide significant growth capital and further solidify its market position in the aerospace and defense sectors.
- Financing Strategy: PAD has signed a non-binding term sheet with BC Partners for a potential credit facility and equity financing of up to $80 million, which will enhance its balance sheet and support future strategic acquisitions.
- Management Continuity: Post-merger, PAD's existing management team will continue to lead the new company, ensuring business continuity and leveraging their expertise in the aerospace and defense sectors to drive growth.
- Market Outlook: The merger is anticipated to close in the first half of 2026, and by combining resources and customer bases, PAD will be better positioned to meet the increasing demands of the aerospace, defense, and space industries, driving long-term value creation.
Precision Aerospace & Defense Group Reschedules Investor Day to March 2026
- Investor Day Rescheduled: Due to a winter storm impacting New York City, Precision Aerospace & Defense Group has postponed its Investor Day from February 25, 2026, to March 12, 2026, at 2:00 PM ET, providing an opportunity for in-depth analysis of the company's strategy and financial status.
- Business Combination Context: The Investor Day is linked to the proposed business combination with FACT II Acquisition Corp., where PAD's leadership will discuss market dynamics, business model, and strategic priorities, aiming to bolster investor confidence in the merger.
- Live Webcast Arrangements: The Investor Day will be streamed live on the company's website, and investors can register via email to attend in person, ensuring attendees receive real-time updates on the company's latest developments and future directions.
- Company Background Overview: Founded in 2016, Precision Aerospace & Defense Group specializes in high-precision components and testing solutions, rapidly growing through a targeted acquisition strategy and establishing a strong customer base across key markets, including military and commercial aviation.
Precision Aerospace & Defense Group to Merge with FACT II Acquisition Corp, Valued at $320 Million
- Merger Agreement: Precision Aerospace & Defense Group has entered into a merger agreement with FACT II Acquisition Corp, valuing the transaction at up to $320 million, which is expected to provide significant growth capital and further solidify its market position in the aerospace and defense sectors.
- Financing Strategy: PAD has signed a non-binding term sheet with BC Partners for a potential credit facility and equity financing of up to $80 million, which will enhance its balance sheet and support future strategic acquisitions.
- Management Continuity: Post-merger, PAD's existing management team will continue to lead the new company, ensuring business continuity and leveraging their expertise in the aerospace and defense sectors to drive growth.
- Market Outlook: The merger is anticipated to close in the first half of 2026, and by combining resources and customer bases, PAD will be better positioned to meet the increasing demands of the aerospace, defense, and space industries, driving long-term value creation.
