secwatch.observer — SEC 8-K summary
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Issuer:     Cartesian Growth Corp III (CGCT)
CIK:        0002049662
Form:       8-K
Filed at:   2025-12-18T23:59:59+00:00
Accession:  0001104659-25-122322
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CGC SPAC to merge with Factorial in $1.1B deal; solid-state battery focus
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- Business Combination Agreement signed Dec 17, 2025; Factorial valued at implied $1.1B fully-diluted equity.
- PIPE financing of $100M ($25M sponsor, $75M institutional) to support post-merger growth.
- Factorial's solid-state cells validated with Mercedes-Benz (1,200 km range) and Stellantis.
- Closing expected mid-2026; subject to shareholder approvals, HSR clearance, and Nasdaq listing.
- Lock-up structure: 25% at 180 days, 25% at 270 days, 50% at 1 year post-closing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2049662/000110465925122322/0001104659-25-122322-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2049662/000110465925122322/tm2533742d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-122322

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer