Mergers & Acquisitions ·
Factorial Energy Inc. completed its business combination with Cartesian Growth Corporation III on June 5, 2026…
CGCTFactorial Energy Inc.
Factorial Energy Inc. completed its business combination with Cartesian Growth Corporation III on June 5, 2026, transitioning from a shell company to an operating entity. The transaction involved the domestication of CGC as a Delaware corporation and the merger of Factorial Inc. into CGC. The company received approximately $112.1 million in gross proceeds, including $100.9 million from PIPE investments. Following the merger, Series A Common Stock and Public Warrants began trading on the Nasdaq under symbols FAC and FACWW. The company also appointed a new Board of Directors and established several executive leadership roles, including CEO Siyu Huang and CFO Richard Wei. Factorial Energy Inc. develops advanced battery technologies for the energy sector.