Tenor Capital Management Reports New 8.1% Stake in FACT II Acquisition Corp.

Tenor Capital Management Company, L.P., along with Tenor Opportunity Master Fund, Ltd. and Robin Shah, filed a Schedule 13G/A on May 15, 2026, reporting a new 8.1% ownership stake in FACT II Acquisition Corp. (FACT). The reporting persons collectively hold 1,500,000 Class A ordinary shares. According to the filing, the shares are directly held by Tenor Opportunity Master Fund, Ltd., with Tenor Capital serving as the investment manager. Robin Shah, as the managing member of Tenor Management GP, LLC (the general partner of Tenor Capital), may be deemed to have shared voting and dispositive power over the shares. This filing represents a significant increase from a previously reported 0% position, crossing the 5% disclosure threshold. The calculation is based on 18,488,125 shares outstanding as of May 8, 2026. The filers certified that the securities were not acquired for the purpose of changing or influencing the control of the issuer.