FACT II Acquisition Corp. [FACTU]
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FACTU represents units issued by FACT II Acquisition Corp., which are derivative securities that typically combine one share of common stock with a fraction of a warrant in a single tradable package. These units are commonly offered in SPAC initial public offerings to make the offering more attractive to investors. After a specified period following the IPO, the units typically separate into their constituent parts, allowing the common stock and warrants to trade independently. Unit holders receive the benefits of both the equity and warrant components until separation occurs.