Factorial begins Nasdaq trading after business-combination close
Factorial Energy completed its combination with Cartesian Growth Corporation III and began Nasdaq trading under FAC.
Evidence notes
- The combined public company retained the Factorial Energy name and listed its common stock and warrants as FAC and FACWW.
- The transaction implied an equity value of approximately $1.3 billion.
- Factorial said the closing provided more than $100 million in gross proceeds for battery commercialisation.
Company context
Factorial Energy develops solid-state and lithium-metal battery cells through its FEST and Solstice platforms. The Nasdaq-listed company works with automotive, drone and robotics partners, and July 2026 customer flight tests with Tulip Tech delivered more than 30% additional UAV range.