Precision Aerospace & Defense Group to go public via SPAC merger with Fact Ii Acquisition Corp in a $320m deal.

Precision Aerospace & Defense Group, a consortium of aerospace and defense manufacturers and service providers, to go public via SPAC merger with Fact Ii Acquisition Corp, a blank check company, in a $320m deal. Today marks a pivotal milestone for PAD. This proposed business combination with FACT and our transition to a public company will provide significant growth capital and is a strong validation of the business we have built. Over the past few years, we have assembled a world-class engineering, manufacturing, and testing platform to address the most demanding needs of the aerospace, defense, and space industries," Brent Borden, PAD CEO.