Cartesian Growth Corp III Closes $276M SPAC IPO on Nasdaq

Energy Storage
Energy Storage
Initial Public Offering / IPO SPAC
Initial Public Offering / IPO SPAC
Merger:
Jun 08, 2026
Industry:
MISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES

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Cartesian Growth Corporation III Announces Closing of $276 Million Initial Public Offering

New York, NY – On May 5, 2025, Cartesian Growth Corporation III (CGCTU on Nasdaq) announced the closing of its initial public offering of 27,600,000 units, including 3,600,000 units from the underwriters’ over-allotment option. The offering was priced at $10.00 per unit, generating gross proceeds of $276,000,000. The company's sponsor is an affiliate of Cartesian Capital Group, LLC.

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About Factorial Energy Inc.

Founded and headquartered in the Boston, Massachusetts, area, Factorial operates at the forefront of solid-state battery development, offering safe, high-performance alternatives to traditional lithium-ion technologies. Its proprietary FEST® (Factorial Electrolyte System Technology) and Solstice™ platforms deliver greater energy density, enhanced safety, and compatibility with existing manufacturing systems. Factorial’s commercial partnerships include global automotive leaders such as Mercedes-Benz, Stellantis, Hyundai Motor Company, and Kia Corporation. Early investors include GVP Climate in partnership with Gatemore Capital Management and WAVE Equity Partners. For more information, visit www.factorialenergy.com.

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