Cartesian Growth Corporation III Prices Upsized $240M IPO

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 Upsized $240 Million Initial Public Offering

New York, NY, USA Cartesian Growth Corporation III (NASDAQ: CGCTU) announced on May 2, 2025, the pricing of its initial public offering, which was upsized to $240 million from an initial target of $200 million. The company is a blank check company, also known as a Special Purpose Acquisition Company (SPAC), formed with the purpose of effecting a business combination with one or more businesses or entities.

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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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