Cartesian Growth Corporation III and Factorial Inc. Finalize Business Combination Approval
Factorial and Cartesian Growth Corporation III Announce Approval of Business Combination by Cartesian Growth Shareholders
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Cartesian Growth Corporation III has received shareholder approval for its business combination with Factorial Inc., a leader in solid-state battery technology. The combined entity will be renamed Factorial Energy Inc. and is set to trade on Nasdaq under the ticker symbols 'FAC' and 'FACWW' following the completion of customary closing conditions.
- 01The business combination was approved at an extraordinary general meeting held on May 27, 2026.
- 02Factorial Inc. specializes in solid-state battery technology, with notable partnerships including Mercedes-Benz and Stellantis.
- 03The combined company will trade on Nasdaq under the new ticker symbols 'FAC' for common stock and 'FACWW' for warrants.
- 04Factorial's technologies have demonstrated impressive performance, including over 1,200 km range in real-world testing.
- 05The transaction is subject to customary closing conditions before finalization.
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On May 27, 2026, Cartesian Growth Corporation III (NASDAQ:CGCT) announced that its business combination with Factorial Inc. was approved by shareholders during an extraordinary general meeting. This merger will result in the formation of Factorial Energy Inc., which will trade on the Nasdaq under the ticker symbols 'FAC' for its Series A common stock and 'FACWW' for warrants. Factorial is recognized for its advancements in solid-state battery technology, with significant commercial partnerships involving major automotive manufacturers such as Mercedes-Benz and Stellantis. Their innovative FEST® and SolsticeTM platforms have shown remarkable performance, including a real-world range of over 1,200 kilometers on a single charge. The completion of the business combination is contingent upon meeting customary closing conditions. Cartesian Growth Corporation III, as a blank check company, aims to facilitate this merger to enhance Factorial's growth and market presence in the battery technology sector.
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The merger is expected to enhance Factorial's capabilities and market reach, potentially leading to advancements in battery technology that could benefit various sectors, including automotive.
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