GlobeNewsWire
27 May 2026, 23:26 UTC · 2w ago
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Cartesian Growth Corporation III shareholders have approved the business combination with solid-state battery company Factorial Inc. — Shareholder approval is a critical milestone that clears the primary regulatory hurdle for the merger to proceed to closing.
+0.40The combined entity, to be renamed Factorial Energy Inc., will trade on the Nasdaq under the ticker symbols 'FAC' and 'FACWW'. — Establishes the mechanism for public price discovery and liquidity for the battery technology company.
+0.20Factorial Energy maintains commercial partnerships and testing collaborations with Mercedes-Benz, Stellantis, Hyundai, and Kia. — Validation from major global automotive OEMs reduces the perceived technical risk of their solid-state battery platforms.
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Shareholders approved the business combination with Factorial Inc., moving the SPAC toward closing.
Lab testing verified high energy density and fast-charging capabilities of Factorial's cells.
Reported successful real-world road testing of Factorial's batteries achieving over 1,200 km range.
Mentioned as a commercial partner of Factorial, suggesting future technology integration.
Mentioned as a commercial partner of Factorial, suggesting future technology integration.
[a_to_b] Cartesian Growth Corporation III approved a business combination to acquire Factorial.
[mutual] Factorial has a commercial partnership with Stellantis for cell testing.
[mutual] Factorial has a commercial partnership with Mercedes-Benz for solid-state battery testing.
[mutual] Factorial maintains a commercial partnership with Kia Corporation.
[mutual] Factorial maintains a commercial partnership with Hyundai Motor Company.
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