FACTW

FACTW represents warrants issued by FACT II Acquisition Corp., which are derivative securities that give holders the right to purchase shares of FACT common stock at a predetermined exercise price. These SPAC warrants typically become exercisable after the completion of a business combination and remain exercisable for several years thereafter. Warrant holders do not have voting rights or receive dividends, and the warrants may include redemption provisions that allow the company to call them under certain conditions. The value of these warrants is tied to the performance of the underlying common stock and the likelihood of a successful business combination.