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FAC

FAC

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FACJun 9, 2026+64.49% since signal

Factorial Energy closes SPAC merger, funds commercialization with $100M+ PIPE

Factorial Energy completed its merger with Cartesian Growth Corp III, valuing the company at about $1.3 billion and securing more than $100 million in gross proceeds to advance commercialization. Cantor Fitzgerald served as exclusive financial advisor and PIPE agent, and FAC is set to ring the Nasdaq Opening Bell on June 17. The stock rose about 27.5% to $17.50 on the news, signaling a near-term re-rating on funded growth prospects.

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