
MergerMay 18, 2026, 08:06 AM
Cartesian Growth Corp III to become Factorial Energy Inc. post-merger
AI Summary
Cartesian Growth Corp III (CGCT) entered into Amendment No. 2 to its Business Combination Agreement with Factorial Inc. and Merger Sub. This amendment specifies that upon the closing of the Business Combination and domestication as a Delaware corporation, CGCT will change its name to "Factorial Energy, Inc.". Additionally, a Letter Agreement was executed with an institutional investor and the sponsor, allowing the institutional investor to satisfy part of its 7.5 million share purchase obligation by acquiring up to 2 million Class A ordinary shares in open market transactions, with Factorial reimbursing the sponsor for any price differential.
Key Highlights
- Cartesian Growth Corp III to change its name to Factorial Energy Inc. upon merger closing.
- Amendment No. 2 to the Business Combination Agreement was signed on May 18, 2026.
- Institutional Investor to purchase up to 2 million Class A ordinary shares in open market transactions.
- Original Institutional Investor Stock Purchase Agreement was for 7.5 million shares at $10.00 per share.
- Factorial Inc. will reimburse the Sponsor for the price differential on open market share purchases.
Price Impact
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