Factorial to go public via SPAC merger valued at $1.1 billion

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Go back to Factorial to go public via SPAC merger valued at $1.1 billion

Factorial and Cartesian Growth Corporation III (Nasdaq: CGCT) Announce Business Combination Agreement to Accelerate Commercialization of Solid-State Battery Technology

December 18, 2025 8:00 AM EST

Factorials high-power, lightweight, solid-state batteries have demonstrated real-world performance, including over 1,200 km (745 miles) of driving range in vehicle testing and are being advanced toward defense, aerospace, and industrial applications Combination expands capital base to fuel Factorials continued growth and broad-based commercialization

BOSTON--(BUSINESS WIRE)-- Factorial Inc. (Factorial), a leader in solid-state battery technology, and Cartesian Growth Corporation III (Cartesian III), a special purpose acquisition company, announced today that they have entered into a definitive business combination agreement (BCA).

The business combination (Combination) values Factorial at approximately $1.1 billion on a pre-money, pre-merger basis. The Combination... More