FACT II terminates Precision Aerospace merger

Fact II Acquisition Corp. terminated its proposed business combination with Precision Aerospace & Defense Group, Inc. after failing to obtain the necessary shareholder approvals and closing conditions by the deadline, with no breaches alleged by either party. The SPAC will continue pursuing other opportunities and has noted that sponsor and related support agreements have terminated as part of the termination, with further details to be provided in a Form 8-K.