CGCTU Cartesian Growth Corp III
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Executive Summary
The SEC declared effective the S-4 registration statement for Cartesian Growth Corp III's business combination with Factorial Inc. (formerly Lionano SE Inc.), a battery materials company. This clears the way for the de-SPAC transaction to close, with Factorial becoming the publicly traded entity.
Actionable Insight
The S-4 effectiveness is a procedural milestone — the de-SPAC merger can now be voted on and closed. Watch for the shareholder meeting date and proxy vote outcome. Post-close, Factorial's battery technology positioning will be the key valuation driver.
Key Facts
- Effectiveness date: May 6, 2026
- Registration statement on Form S-4 covering the business combination between Cartesian Growth Corp III (SPAC) and Factorial Inc.
- Factorial Inc. was formerly known as Lionano SE Inc. (name change September 2019)
- Factorial is headquartered in Billerica, MA, in the electrical machinery/equipment sector
- The filing does not disclose the deal value, exchange ratio, or expected closing date
Financial Impact
Undisclosed — no deal value, share count, or pricing terms provided in the EFFECT notice
Risk Factors
- De-SPAC transactions carry execution risk — shareholder approval is not guaranteed
- Factorial's former name (Lionano SE Inc.) and battery materials focus suggest a pre-revenue or early-stage profile, adding valuation uncertainty
- No financial projections or guidance were included in this effectiveness notice
Market Snapshot
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| EFFECT Filing (Primary) | 9999999995-26-001518 |
| Document: 9999999995-26-001518-index.html | 9999999995-26-001518 |
| Document: 9999999995-26-001518.txt | 9999999995-26-001518 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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Jun 10, 2026
2d ago
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8-K
| — | awaiting T+5 | — | — |
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Jun 5, 2026
7d ago
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25-NSE
| $12.96 awaiting T+5 | awaiting T+5 | — | — |
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Jun 5, 2026
7d ago
|
8-K
| $12.96 awaiting T+5 | awaiting T+5 | — | — |
|
May 11, 2026
4w ago
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425
| $11.30 $10.84 | ▼ −4.07% | ▼ −3.99% | — |
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May 11, 2026
4w ago
|
8-K
| $11.30 $10.84 | ▼ −4.07% | ▼ −3.99% | — |
|
May 7, 2026
5w ago
|
EFFECT
| $11.30 $11.10 | ▼ −1.77% | ▼ −3.27% | — |
|
Apr 23, 2026
7w ago
|
425
| $10.82 $11.30 | ▲ +4.44% | ▲ +2.96% | — |
US Market Status
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