The morning brief, in your inbox before you sit down.

New deals · status changes · contested meetings · activist filings. Sent 7am ET on weekdays. Preview today’s

Morning Report
Today's Brief

Precision Aerospace & Defense Group, Inc.

private/FACT II Acquisition Corp.private

FACT II Acquisition Corp. merges with Precision Aerospace & Defense Group

MixedDefinitive Proxyhigh confidence

Merger Arbeconomics, downside, days

Deal value

mixed

Per-share offer

Premium

Days to close

Term fee

ConsiderationMixed
AnnouncedApr 24, 2026
Days outstanding84d
Expected close
Termination fee
Reverse term fee
Go-shop period
Fiduciary out
Financing condition
Debt commitment
Insider lock-up

No structured deal economics extracted yet. Re-run the scanner or fall back to the source filing below.


Timelineannounced → close
  1. Announced

    Apr 24, 2026

  2. Preliminary Proxy

  3. Definitive Proxy

  4. Record date

  5. Shareholder vote

  6. Expected close


Vote Mechanicsrecord / mailing / vote
Vote required
Vote date
Record date
Mailing date
Record → vote
Threshold
Min approvalparsed
Shares outstanding
Insider lock-up

Regulatory & ConditionsHSR / EU / CFIUS / MAC

No regulatory or closing-conditions data extracted yet. The merger agreement Exhibit 10.1 contains this in the “Conditions to Closing” and “Regulatory Approvals” articles.


Closing Conditionsapprovals · vote · financing · lockups

No closing-condition data extracted.


Interloper Riskcompeting bids, activist filers

No competing-bidder, activist, or dissident-proxy signals in the database for this target.


Advisors

Acquirer side· FACT II Acquisition Corp.

Legal

Paul Hastings LLP

  • · Brandon J. Bortner
  • · Gil Savir
  • · Amir A. Heyat
Brandon J. Bortner, Esq., Gil Savir, Esq., Amir A. Heyat, Esq., Paul Hastings LLP, 2050 M Street NW, Washington, D.C. 20036

Target side· Precision Aerospace & Defense Group, Inc.

Legal

Lucosky Brookman LLP

  • · Seth Brookman
  • · Penny Somer-Greif
Seth Brookman, Penny Somer-Greif, Lucosky Brookman LLP, 101 Wood Avenue South, 5th Floor, Woodbridge, NJ 08830

Counterparty Historyprior deals in DB
FirmRoleSideDeals in DB
Lucosky Brookman LLPLegalTarget2View deals →
Paul Hastings LLPLegalAcquirer1View deals →

Sources

FACT II Acquisition Corp., a Cayman Islands SPAC, agreed to merge with Precision Aerospace & Defense Group, Inc., a Florida aerospace and defense company, pursuant to a Business Combination Agreement dated November 26, 2025. The combined entity will be renamed Precision Aerospace & Defense Group, Inc. and incorporated in Delaware. PAD shareholders will receive Public Shares and cash consideration based on conversion formulas for common and preferred stock.

Item id: b4a74489-8afe-417c-9e45-1db80a903016 · ingested Apr 24, 2026