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