Thompson Coburn served as legal advisor to Cantor Fitzgerald in connection with Factorial’s transformative deSPAC transaction and Nasdaq debut, marking a major milestone for the solid-state battery developer.
Announced June 8, 2026, the business combination with Cartesian Growth Corporation III values Factorial at approximately $1.3 billion and positions the company to boost commercialization of its next-generation battery technology. The transaction provides more than $100 million in gross proceeds to support Factorial’s expansion across electric mobility, defense and aerospace, robotics, and energy storage markets. After the closing, the combined company Factorial Energy Inc. began trading on the Nasdaq under the ticker symbols “FAC” and “FACWW.”
Working closely with Cantor Fitzgerald, Thompson Coburn advised on the legal aspects of the deSPAC transaction, supporting the firm in its role as exclusive financial advisor and sole placement agent for the PIPE financing. The firm’s involvement highlights its deep experience guiding financial institutions through complex capital markets transactions, including SPAC mergers and related financings.
The Thompson Coburn team advising on the matter included David J. Kaufman, Barry Fischer, Michael Rosenblum, Nick Engel, Catherine Feorene, Ho Jae Lee, and Grace Siefker. Their work contributed to a successful outcome for Cantor Fitzgerald and Factorial as the company enters the public markets poised for continued growth and innovation.
Read the transaction press release here.
