Factorial Energy Inc. Completes De-SPAC Merger, Begins Trading as 'FAC' on Nasdaq
CGCT sits 29% above its 52-week low of $9.26 on light trading volume (0.2× avg).
Summary
Factorial Energy Inc. has officially completed its de-SPAC merger and will begin trading on Nasdaq under new ticker symbols 'FAC' and 'FACWW' on June 8, 2026, following a high SPAC shareholder redemption rate.
Key Events · M&A and Partnerships · CGCT
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De-SPAC Merger Completed
Cartesian Growth Corporation III officially consummated its business combination with Factorial Inc., forming Factorial Energy Inc. on June 5, 2026.
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New Ticker Symbols and Nasdaq Listing
The company's common stock will trade under the symbol 'FAC' and warrants under 'FACWW' on the Nasdaq Capital Market, commencing June 8, 2026.
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High Shareholder Redemptions Noted
The merger closed following a previously disclosed 66.8% redemption rate by SPAC shareholders, impacting the cash available to the new entity.
Analysis · CGCT · Manufacturing
This 8-K announces the official closing of the de-SPAC merger between Cartesian Growth Corporation III and Factorial Inc., forming Factorial Energy Inc. The new entity will commence trading on Nasdaq under the ticker 'FAC' for common stock and 'FACWW' for warrants starting June 8, 2026. While the merger's completion provides operational clarity, it follows a high redemption rate of 66.8% by SPAC shareholders, significantly reducing the cash proceeds available to the combined company.
At the time of this filing, CGCT was trading at $11.90 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $410.5M. The 52-week trading range was $9.26 to $15.30. This filing was assessed with neutral market sentiment and an importance score of 8 out of 10.