Factorial Inc. and Cartesian Growth Corporation III have entered into a definitive business combination agreement to accelerate the commercialization of solid-state battery technology.
The combination values Factorial at approximately $1.1 billion on a pre-money, pre-merger basis and includes $100 million in new capital committed through a private placement of common stock.
Upon closing, the combined company will list on Nasdaq under the ticker symbol FAC, with a pro forma equity value of approximately $1.5 billion.
Valuation and Capital
Factorial valued at $1.1 billion with $100 million new capital investment.
NASDAQ Listing
The combined company will list on Nasdaq under the ticker symbol FAC.
Industry Expansion
Factorial expanding into defense, aerospace, and robotics applications with high-power solid-state battery technology.
- The business combination agreement marks a pivotal point in commercial deployment across industries.
- Factorial's solid-state battery technology has demonstrated real-world performance and high energy density.
The proposed combination is expected to close by mid-2026, subject to customary closing conditions. Factorial's innovative solid-state battery technology is poised to drive transformations in multiple sectors.