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.
Price Chart
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.
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
Investment Themes
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 | ||||
|---|---|---|---|---|---|
Jun 10, 2026 19w ago | 8-K | — | awaiting T+20 | — | — |
Jun 5, 2026 20w ago | 25-NSE | $12.96 | awaiting T+20 | — | — |
Jun 5, 2026 20w ago | 8-K | $12.96 | awaiting T+20 | — | — |
May 11, 2026 24w ago | 425 | $11.30 $12.01 | ▲ +6.28% | ▲ +6.59% | — |
May 11, 2026 24w ago | 8-K | $11.30 $12.01 | ▲ +6.28% | ▲ +6.59% | — |
May 7, 2026 24w ago | EFFECT | $11.30 $12.60 | ▲ +11.50% | ▲ +8.37% | — |
Apr 23, 2026 26w ago | 425 | $10.82 $10.83 | ▲ +0.09% | ▼ −4.54% | — |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers