FACT II Acquisition Corp. has filed for a $175 million SPAC as underwriter Cohen & Company’s first new S-1 filing this month.
The first SPAC in this series, Freedom I, drew headlines from the addition of former Credit Suisse CEO Tidjane Thiam as executive chairman. Thiam is not a part of this SPAC endeavor, but it is led by former Freedom I CEO Adam Gishen.
He was the sole officer of that earlier vehicle, and this time around he will be aided by CFO Min Lee, who was a senior advisor to Freedom I and previously headed Credit Suisse’s coverage of gaming, lodging and leisure deals out of its Los Angeles office.
The SPAC has set out a broad target search for itself, but notes that it will hew to the expertise of the team. Gishen, who came up through equity capital markets worked at Nomura and Lehman Brothers before Credit Suisse, led the first SPAC’s combination with residential solar firm Complete Solaria (NASDAQ:CSLR).