MergerMay 28, 2026, 06:08 AM
Cartesian Growth Corp III Shareholders Approve Factorial Merger
AI Summary
Cartesian Growth Corporation III (CGCT) announced that its shareholders approved the proposed business combination with Factorial Inc. at an extraordinary general meeting held on May 27, 2026. All key proposals, including the Business Combination, Domestication, and various stock issuance proposals, received sufficient votes for approval. The closing of the business combination is subject to customary conditions, after which the combined company will be renamed Factorial Energy Inc. and its shares are expected to trade on Nasdaq under the ticker symbol "FAC".
Key Highlights
- Shareholders approved the Business Combination Proposal with 20,948,365 votes For.
- Shareholders approved the Domestication Proposal with 20,948,475 votes For.
- Shareholders approved the BCA Stock Issuance Proposal with 20,948,432 votes For.
- Shareholders approved the PIPE Stock Issuance Proposal with 20,943,027 votes For.
- Shareholders approved the Organizational Documents Proposal with 20,948,432 votes For.
- The combined company will be renamed Factorial Energy Inc.
- Shares and warrants are expected to trade on Nasdaq under "FAC" and "FACWW" respectively.
Price Impact
More from CGCT