K2 Principal Fund L.P. Invests $297,000 in FACT II Acquisition Corp. Unit (NASDAQ:FACTU)

K2 Principal Fund L.P. acquired a new stake in FACT II Acquisition Corp. Unit (NASDAQ:FACTU) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 30,000 shares of the company’s stock, valued at approximately $297,000.

A number of other institutional investors have also recently added to or reduced their stakes in FACTU. Hudson Bay Capital Management LP acquired a new stake in shares of FACT II Acquisition Corp. Unit during the 4th quarter valued at approximately $7,734,000. Bulldog Investors LLP purchased a new stake in FACT II Acquisition Corp. Unit during the fourth quarter worth $2,646,000. Whitebox Advisors LLC acquired a new stake in FACT II Acquisition Corp. Unit in the fourth quarter valued at $2,495,000. Schonfeld Strategic Advisors LLC purchased a new position in shares of FACT II Acquisition Corp. Unit in the fourth quarter valued at $830,000. Finally, Quarry LP acquired a new position in shares of FACT II Acquisition Corp. Unit during the 4th quarter worth $1,248,000.

FACT II Acquisition Corp. Unit Stock Performance

Shares of NASDAQ FACTU opened at $10.17 on Friday. The company has a 50-day simple moving average of $10.18. FACT II Acquisition Corp. Unit has a 52 week low of $9.93 and a 52 week high of $10.92.

FACT II Acquisition Corp. Unit Profile

We are a blank check company, incorporated as a Cayman Islands exempted company whose business purpose is to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination.