business
Factorial Energy goes public at $1.3bn valuation after SPAC merger
Key takeaways
- The firm, which is backed by top automotive companies, began trading on the Nasdaq Stock Market on 8 June 2026 under the ticker symbols FAC and FACWW.
- The transaction places the combined entity s valuation at roughly $1.3bn, with the deal generating over $100m in gross proceeds.
- Factorial will deploy the capital towards bringing its solid-state battery technology to market across three sectors: electric vehicles, defence and aerospace, and hyperscale data centres.
Factorial Energy goes public at $1.3bn valuation after SPAC merger Founded in the greater Boston area · Just Auto Global Data Tue, June 9, 2026 at 5:53 PM GMT+7 2 min read CGCT US solid-state battery developer Factorial Energy has begun trading on the Nasdaq Stock Market following the completion of its merger with special purpose acquisition company Cartesian Growth Corporation III.
The firm, which is backed by top automotive companies, began trading on the Nasdaq Stock Market on 8 June 2026 under the ticker symbols FAC and FACWW.
The transaction places the combined entity s valuation at roughly $1.3bn, with the deal generating over $100m in gross proceeds.
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