FAC on Nasdaq
Factorial Energy Inc.
American miscellaneous electrical machinery company, incorporated in Delaware. Summary from the record
Price unavailable
Last updated Oct 19, 2026.
Overview
- TickerFAC on Nasdaq1
- IndustryMiscellaneous Electrical Machinery, Equipment & Supplies1
- HeadquartersBillerica, Massachusetts1
- Incorporated inDE3
- Business address805 Middlesex Turnpike, Billerica, Ma 018213
- Filer category, Emerging growth company3
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We are a blank check company incorporated on October 29, 2024 as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, or reorganization or engaging in any other similar business combination with one or more businesses or entities, which we refer to throughout this Annual Report as our initial business combination. While we may pursue our initial business combination in any business industry or sector, we have initially focused on seeking high-growth businesses with proven or potential transnational operations or outlooks in order to capitalize on the experience, reputation, and network of our management team. Furthermore, we seek target businesses where we believe we will have an opportunity to drive ongoing value creation after our initial business combination is completed, as our management …4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Financial statements
Every line of the income statement as filed: the last 1 fiscal year, latest first.2
| Period ending | 2025-12-31 |
|---|---|
| General and administrative costs | $1.2M |
| Loss from operations | -$1.2M |
| Interest earned on investments held in Trust Account | $7.4M |
| Other income, net | $7.4M |
| Net income (loss) | $6.2M |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.2
| Period ending | 2025-12-31 | 2024-12-31 | 2024-10-31 |
|---|---|---|---|
| Cash | $624.2K | $0 | |
| Prepaid insurance - current | $112.3K | ||
| Prepaid expenses | $3.7K | $3.2K | |
| Total current assets | $740.1K | $3.2K | |
| Deferred offering costs | $263.7K | ||
| Prepaid insurance - long term | $37.4K | ||
| Investments held in Trust Account | $283.4M | $0 | |
| Total Assets | $284.2M | $266.9K | |
| Accrued offering costs | $75.0K | $242.9K | |
| Accrued expenses | $759.9K | ||
| Promissory note - related party | $41.6K | ||
| Total current liabilities | $834.9K | $284.5K | |
| Deferred underwriting fee | $13.1M | ||
| Total Liabilities | $14.0M | $284.5K | |
| Additional paid-in capital | $24.3K | ||
| Accumulated deficit | -$13.2M | -$42.6K | |
| Total Shareholders' Deficit | -$13.2M | -$17.6K | $0 |
| Total Liabilities, Class A Ordinary Shares Subject to Possible Redemption, and Shareholders' Deficit | $284.2M | $266.9K | |
| Preferred shares , par value (In dollars per share) | $0.00 | $0.00 | |
| Preference shares, shares authorized (in shares) | 1.0M shares | 1.0M shares | |
| Preference shares, shares issued (in shares | 0 shares | 0 shares | |
| Preference shares, shares outstanding (in shares) | 0 shares | 0 shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2024-10-31 |
|---|---|---|---|
| Cash | $624.2K | $0 | |
| Prepaid insurance - current | $112.3K | ||
| Prepaid expenses | $3.7K | $3.2K | |
| Total current assets | $740.1K | $3.2K | |
| Deferred offering costs | $263.7K | ||
| Prepaid insurance - long term | $37.4K | ||
| Investments held in Trust Account | $283.4M | $0 | |
| Total Assets | $284.2M | $266.9K | |
| Accrued offering costs | $75.0K | $242.9K | |
| Accrued expenses | $759.9K | ||
| Promissory note - related party | $41.6K | ||
| Total current liabilities | $834.9K | $284.5K | |
| Deferred underwriting fee | $13.1M | ||
| Total Liabilities | $14.0M | $284.5K | |
| Additional paid-in capital | $24.3K | ||
| Accumulated deficit | -$13.2M | -$42.6K | |
| Total Shareholders' Deficit | -$13.2M | -$17.6K | $0 |
| Total Liabilities, Class A Ordinary Shares Subject to Possible Redemption, and Shareholders' Deficit | $284.2M | $266.9K | |
| Preferred shares , par value (In dollars per share) | $0.00 | $0.00 | |
| Preference shares, shares authorized (in shares) | 1.0M shares | 1.0M shares | |
| Preference shares, shares issued (in shares | 0 shares | 0 shares | |
| Preference shares, shares outstanding (in shares) | 0 shares | 0 shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 1 fiscal year (annual) or 1 quarters (quarterly), latest first.2
| Period ending | 2025-12-31 |
|---|---|
| Net income (loss) | $6.2M |
| Payment of operation costs through promissory note | $20.4K |
| Interest earned on marketable securities held in Trust Account | -$7.4M |
| Prepaid insurance | -$112.3K |
| Prepaid expenses | $23.1K |
| Long term prepaid insurance | -$37.4K |
| Accrued expenses | $759.9K |
| Net cash used in operating activities | -$504.5K |
| Investment of cash in Trust Account | -$276.0M |
| Net cash used in investing activities | -$276.0M |
| Proceeds from sale of Units, net of underwriting discounts paid | $271.2M |
| Proceeds from sale of Private Placements Warrants | $6.8M |
| Repayment of advances from related party | -$37.4K |
| Repayment of promissory note - related party | -$250.0K |
| Payment of offering costs | -$583.9K |
| Net cash provided by financing activities | $277.1M |
| Net Change in Cash | $624.2K |
| Prepaid services contributed by Sponsor through promissory note - related party | $11.3K |
| Remeasurement of Class A ordinary shares to redemption value | $29.1M |
| Deferred costs included in accrued offering costs | $371.5K |
| Deferred offering costs paid through promissory note - related party | $176.6K |
| Deferred underwriting fee payable | $13.1M |
| Period ending | 2024-12-31 |
|---|---|
| Net income (loss) | -$42.6K |
| Payment of operation costs through promissory note | $35.8K |
| Formation costs paid through issuance of Class B ordinary shares | $6.8K |
| Deferred offering costs paid by Sponsor in exchange for issuance of Class B ordinary shares | $12.8K |
| Deferred costs included in accrued offering costs | $242.9K |
| Deferred offering costs paid through promissory note - related party | $5.8K |
| Deferred offering costs applied to prepaid expense | $2.2K |
Leadership
Who has led Factorial Energy Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
Chair
Chief financial officer
- Chief executive officerSiyu Huang Jun 12, 2026 to now8
- Chief executive officerPeter Yu May 1, 2025 to Jun 12, 20269
- ChairPeter Yu May 1, 2025 to now9
- Chief financial officerRichard Wei Jun 12, 2026 to now10
- Chief financial officerLuque Rafael De May 1, 2025 to Jun 12, 202611
Board members and other officers (9)
- Principal Accounting OfficerJeffrey T. Scuteri Jr. Jun 12, 2026 to now12
- Board memberLiad Y. Meidar Jun 12, 2026 to now13
- Board memberSiyu Huang Jun 12, 2026 to now8
- Board memberUwe Keller Jun 12, 2026 to now14
- Board memberAli Bouzarif May 1, 2025 to now15
- Board memberKevin Gold May 1, 2025 to now16
- Board memberLuque Rafael De May 1, 2025 to now11
- Board memberSanford M. Litvack May 1, 2025 to now17
- General counselJason A. Duva Jun 12, 2026 to now18
Former names
- Cartesian Growth Corp IIIJan 29, 2025 to May 28, 20263
Timeline
Filings
126 filings to the SEC since October 2021: 1 annual reports, 5 quarterly reports, 16 major events, 24 insider forms, 30 large holders, 50 other. The latest 20:
- Oct 9, 2026424B3 EDGAR
- Oct 9, 20268-K EDGAR
- Sep 21, 2026424B3 EDGAR
- Aug 14, 2026SCHEDULE 13G/A EDGAR
- Aug 14, 2026SCHEDULE 13G/A EDGAR
- Aug 14, 2026SCHEDULE 13G/A EDGAR
- Aug 14, 2026SCHEDULE 13G EDGAR
- Aug 14, 2026SCHEDULE 13G/A EDGAR
- Aug 14, 2026SCHEDULE 13G/A EDGAR
- Aug 13, 2026S-8 EDGAR
- Aug 11, 202610-Q EDGAR
- Aug 11, 20268-K EDGAR
- Aug 10, 2026SCHEDULE 13G/A EDGAR
- Jul 17, 20263 EDGAR
- Jul 7, 2026EFFECT EDGAR
- Jun 30, 2026S-1 EDGAR
- Jun 26, 2026SCHEDULE 13D EDGAR
- Jun 17, 2026SCHEDULE 13D EDGAR
- Jun 12, 2026EFFECT EDGAR
- Jun 12, 2026SCHEDULE 13D EDGAR
The 126 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
8 open-market trades by officers, directors and large owners since October 2021: 8 buys and 0 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| May 21, 2026 | Yu PeterChairman and CEO | Buy | 6,089 | $10.38 | $63.2K | Form 4 |
| Apr 16, 2026 | CGC III Sponsor LLC10% owner | Buy | 100,000 | $10.33 | $1.0M | Form 4 |
| Apr 15, 2026 | CGC III Sponsor LLC10% owner | Buy | 100,000 | $10.32 | $1.0M | Form 4 |
| Apr 8, 2026 | Yu PeterChairman and CEO | Buy | 100,000 | $10.30 | $1.0M | Form 4 |
| Apr 7, 2026 | Yu PeterChairman and CEO | Buy | 100,000 | $10.31 | $1.0M | Form 4 |
| Apr 6, 2026 | Yu PeterChairman and CEO | Buy | 100,000 | $10.31 | $1.0M | Form 4 |
| Apr 1, 2026 | Yu PeterChairman and CEO | Buy | 671,000 | $10.30 | $6.9M | Form 4 |
| Mar 31, 2026 | Yu PeterChairman and CEO | Buy | 300,000 | $10.28 | $3.1M | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Alyeska Investment Group, L.P.SCHEDULE 13G, 1 filing Aug 14, 202619
- Fort Baker Capital Management LPSCHEDULE 13G/A, 2 filings Feb 17, 2026 to Aug 14, 202620
- HIGHBRIDGE CAPITAL MANAGEMENT LLCSCHEDULE 13G/A, 2 filings Feb 17, 2026 to Aug 14, 202621
- METEORA CAPITAL, LLCSCHEDULE 13G/A, 2 filings May 15, 2026 to Aug 14, 202622
- MILLENNIUM MANAGEMENT LLCSCHEDULE 13G/A, 2 filings May 7, 2026 to Aug 14, 202623
- TENOR CAPITAL MANAGEMENT Co., L.P.SCHEDULE 13G/A, 2 filings May 30, 2025 to Aug 14, 202624
- CGC III Sponsor LLCSCHEDULE 13G/A, 2 filings Aug 5, 2025 to Aug 10, 202625
- Wave Factorial Energy I, LLCSCHEDULE 13D, 1 filing Jun 26, 202626
- StellantisSCHEDULE 13D, 1 filing Jun 17, 202627
- Mercedes-Benz Corporate Investments LLCSCHEDULE 13D, 1 filing Jun 12, 202628
- Siyu HuangSCHEDULE 13D, 1 filing Jun 12, 202629
- Goldman SachsSCHEDULE 13G/A, 2 filings Feb 12, 2026 to May 7, 202630
- PICTON MAHONEY ASSET MANAGEMENTSCHEDULE 13G/A, 5 filings Aug 6, 2025 to Apr 27, 202631
- BarclaysSCHEDULE 13G/A, 2 filings Nov 12, 2025 to Feb 11, 202632
- AQR CAPITAL MANAGEMENT LLCSCHEDULE 13G/A, 2 filings Aug 12, 2025 to Nov 12, 202533
- MMCAP International Inc. SPCSCHEDULE 13G/A, 2 filings May 7, 2025 to Aug 12, 202534
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Alyeska Investment Group, L.P. | 7,196,266 | $84.9M | 0.2% | New |
| Transcend Capital Advisors, LLC | 713,000 | $7.9M | 0.5% | New |
| Millennium Management LLC | 206,706 | $2.3M | 0.0% | New |
| HITE Hedge Asset Management LLC | 80,000 | $887.2K | 0.0% | New |
| Atom Investors LP | 59,931 | $664.6K | 0.1% | New |
| Geode Capital Management, LLC | 48,895 | $542.2K | 0.0% | New |
| Jane Street Group, LLC | 13,550 | $150.3K | 0.0% | New |
| UBS Group AG | 12,414 | $137.7K | 0.0% | New |
| Bank Of America Corp /de/ | 11,590 | $128.5K | 0.0% | New |
| MMCAP International Inc. SPC | 7,930 | $87.9K | 0.0% | New |
| Cassaday & Co Wealth Management LLC | 3,430 | $38.0K | 0.0% | New |
| Osaic Holdings, Inc. | 1,000 | $11.1K | 0.0% | New |
| Allworth Financial LP | 413 | $4.6K | 0.0% | New |
| Integrated Wealth Concepts LLC | 400 | $4.4K | 0.0% | New |
| Jones Financial Companies Lllp | 350 | $4.0K | 0.0% | New |
| Morgan Stanley | 103 | $1.1K | 0.0% | New |
| Wells Fargo & Company/mn | 100 | $1.1K | 0.0% | New |
| IFP Advisors, Inc | 100 | $1.1K | 0.0% | New |
| Planning Strategies Inc. | 14 | $155 | 0.0% | New |
| Virtu Financial LLC | 10,474 | $116 | 0.0% | New |
| Caitong International Asset Management Co., Ltd | 10 | $111 | 0.0% | New |
13F reports cover disclosed long positions in U.S. stocks only.
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 8SEC EDGARSiyu Huang, Chief executive officer
- 9SEC EDGARPeter Yu, Chief executive officer
- 10SEC EDGARRichard Wei, Chief financial officer
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- 13SEC EDGARLiad Y. Meidar, Board member
- 14SEC EDGARUwe Keller, Board member
- 15SEC EDGARAli Bouzarif, Board member
- 16SEC EDGARKevin Gold, Board member
- 17SEC EDGARSanford M. Litvack, Board member
- 18SEC EDGARJason A. Duva, General counsel
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