Announcement • May 19
Cartesian Growth Corporation III announced that it has received $0.15 million in funding from CGC III Sponsor LLC Cartesian Growth Corporation III announces a private placement with returning investor CGC III Sponsor LLC issued Convertible unsecured promissory Notes for gross proceeds of $150,000 on May 18, 2026. No interest shall accrue on the unpaid principal balance of this Note. At Payee’s option, on the Maturity Date in the event Maker consummates its initial business combination, Payee may elect to convert all or any portion of the principal outstanding under this Note into that number of warrants. Announcement • Apr 26
Factorial Inc. and Cartesian Growth Corporation III to Appoint Dr. Dieter Zetsche to the Board of Directors of the Combined Company Factorial Inc. announced that, upon the closing of the previously announced business combination with Cartesian Growth Corporation III, Dr. Dieter Zetsche will be appointed to the Board of Directors of the combined company . Having served as an early investor and trusted advisor to the company since 2021, Dr. Zetsche's transition to the Board marks a natural and significant step in the company's progression toward public company readiness. It further reinforces Factorial's focus on strong governance and operational discipline as it continues to scale. Dr. Zetsche led Mercedes-Benz to the pinnacle of global industry - building a legacy defined by trust, innovation, and an uncompromising standard of excellence. Dr. Zetsche has witnessed firsthand how thoughtfully developed technology, built with patience and precision, can truly transform the way the world moves. Joining the Board, he brings that same proven playbook for scaling world-class technology into a global business at a pivotal moment in the company’s evolution. Dr. Dieter Zetsche served as Chairman of the Board of Management of Daimler AG from 2006 to 2019, leading Mercedes-Benz through a period of substantial global growth and strategic transformation. During his tenure, he strengthened Mercedes-Benz’s position as a leading premium automotive brand, expanded global production and international market presence, initiated early investments in electrification, autonomous driving, and digital mobility and drove sustained revenue growth and improved operational performance. Previously, Dr. Zetsche served as President and CEO of Chrysler Group, where he led a successful restructuring and operational turnaround. Dr. Zetsche holds a doctorate in electrical engineering from the University of Karlsruhe. Announcement • Dec 19
Factorial Inc. entered into a definitive business combination agreement to acquire Cartesian Growth Corporation III (NasdaqGM:CGCT) in a reverse merger transaction for approximately $1.1 billion. Factorial Inc. entered into a definitive business combination agreement to acquire Cartesian Growth Corporation III (NasdaqGM:CGCT) in a reverse merger transaction for approximately $1.1 billion on December 17, 2025. The consideration will be paid in shares. Upon closing, Cartesian Growth Corporation III will be renamed as Factorial Holdings, Inc. and the combined company will list on Nasdaq under the ticker symbol FAC. Effective immediately after the Closing, the New Factorial board of directors will initially consist of seven directors, which will be divided into three classes.
The transaction is subject to approval the shareholders of Factorial Inc. and Cartesian Growth Corporation III, expiration or termination of the applicable waiting period under the HSR Act, no legal restraint or prohibition issued by any governmental entity enjoining, listing / approval of new shares on stock exchange and registration statement effectiveness(S-4 / F-4). The boards of directors and special committees comprised of independent and disinterested members of the boards of directors of each of Cartesian Growth Corporation III and Factorial Inc have unanimously approved the transaction. The transaction is expected to close in mid-2026.
Cantor Fitzgerald & Co. acted as exclusive financial advisor to Factorial Inc. Jocelyn Arel and Jeffrey A. Letalien of Goodwin Procter LLP acted as legal advisor to Factorial Inc. Adam Namoury and Thomas Martin of Greenberg Traurig, LLP acted as legal advisor to Cartesian Growth Corporation III. Thompson Coburn LLP acted as legal advisor to Cantor Fitzgerald & Co. 
