Factorial, Cartesian III Merge for $1.1B Solid-State Battery Tech

BOSTON, MASS., December 18, 2025 - Factorial Inc., a pioneer in solid-state battery technology, and Cartesian Growth Corporation III (Nasdaq: CGCT), a special purpose acquisition company (SPAC), have announced a definitive business combination agreement (BCA).

This strategic merger aims to significantly expand Factorial's capital base and enhance its visibility, thereby accelerating the broad commercialization of its advanced solid-state battery solutions across multiple industries. Dr. Siyu Huang, Co-founder and CEO of Factorial, emphasized that the agreement marks a pivotal moment, transitioning from proven technology to widespread deployment of products that deliver longer range, lighter weight, and greater cost efficiency.

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