Factorial and Cartesian III SEC Registration Effective

Energy Storage
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Merger Vote
Merger Vote
Merger:
Jun 08, 2026
Industry:
MISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES

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Factorial and Cartesian III Announce SEC Effectiveness of Registration Statement

Boston and New York, USA. Factorial Inc. and Cartesian Growth Corporation III (NASDAQ: CGCT) announced that their joint registration statement on Form S-4, filed with the SEC in connection with their proposed business combination, was declared effective on May 6, 2026.

The extraordinary general meeting of shareholders to vote on the approval of the business combination is scheduled for May 27, 2026. The definitive proxy statement was mailed to shareholders of record as of May 1, 2026. The transaction is expected to result in a pro forma equity value of approximately $1.5 billion, which includes a $100 million common equity PIPE investment.

The combined company is expected to trade under the ticker symbols FAC and FACWW on the Nasdaq Capital Market upon completion of the transaction, which is anticipated in June 2026.

    Key Highlights and Recent Milestones

  • Strategic investment from IQT to support applications in drones and robotics.
  • Partnership with Karma Automotive for the first U.S. solid-state production program for passenger vehicles.
  • Strengthened global supply chain through investments and agreements with POSCO Future M and Philenergy.
  • Upcoming appointment of former Daimler AG Chairman Dr. Dieter Zetsche to the Board of Directors.

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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