Cartesian Growth Corporation III Approves Factorial Merger

Boston, MA, USA - Cartesian Growth Corporation III (Nasdaq: CGCT) has successfully secured shareholder approval for its planned business combination with Factorial Inc., a prominent developer of solid-state battery technology. The vote took place during an extraordinary general meeting held on May 27, 2026.

Transaction Details

• The combined entity will be rebranded as Factorial Energy Inc.
• Upon the final closing of the transaction, shares of the new company's Series A common stock and warrants are expected to trade on the Nasdaq Stock Market under the new ticker symbols FAC and FACWW, respectively.
• The completion of the merger remains subject to the satisfaction of customary closing conditions.

About the Entities

Factorial Energy is recognized for its proprietary FEST and Solstice platforms, which are engineered for scalable manufacturing. The company maintains strong commercial collaborations with global automotive leaders, including Mercedes-Benz, Stellantis, Hyundai Motor Company, and Kia Corporation. Cartesian Growth Corporation III serves as the acquisition vehicle, backed by the global private equity firm Cartesian Capital Group, LLC.