Factorial Energy completes business combination with Cartesian Growth Corporation III, begins Nasdaq trading

Key facts

• Approximately 80.6 million shares of Series A Common Stock subject to registration rights representing approximately 88.1% of total issued and outstanding shares following the Closing
• 91,510,501 shares of Series A Common Stock and 15,512,744 shares of Series B Common Stock issued and outstanding as of the Closing Date
• Company completed domestication from Cayman Islands to Delaware corporation and merger on June 5, 2026, effective date
• Series A Common Stock began trading on Nasdaq under symbol FAC on June 8, 2026
• 7,519,404 shares of Series A Common Stock purchased by PIPE investors at closing
• Siyu Huang and Alex Yu each hold 19.1% beneficial ownership including Series A and Series B shares
• WAVE Equity Fund, L.P. holds 12.5% of Series A Common Stock; Mercedes-Benz Corporate Investments LLC holds 9.5%
• Stellantis entities (Europe S.p.A. and Ventures B.V.) collectively hold 9.5% of Series A Common Stock

Why it matters

The completion of this SPAC merger converts Factorial Energy from a private company into a public company listed on Nasdaq, enabling it to access public capital markets and providing liquidity to existing shareholders. The substantial registration rights granted to shareholders (representing 88.1% of outstanding shares) establish a clear pathway for secondary sales by investors including the founders and strategic partners Mercedes-Benz and Stellantis.

Developing story

• 25-NSEJun 5, 2026
• 8-KJun 10, 2026this filing

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