Factorial Energy FAC · USD

On May 5, 2025, we consummated the initial public offering of 27,600,000 units, including the full exercise by the underwriters of their over-allotment option, at a purchase price of $10.00 per unit, generating total gross proceeds of $276,000,000. Simultaneously with the closing of the initial public offering, we consummated the sale of 6,800,000 private placement warrants, each exercisable for one Class A ordinary share at a price of $11.50 per share, in a private placement to the Sponsor and Cantor Fitzgerald & Co. (“Cantor”), the representative of the underwriters of the initial public offering, at a price of $1.00 per warrant, generating gross proceeds of $6,800,000.

A total of $276,000,000 ($10.00 per unit) of the net proceeds from the initial public offering, including the full exercise of the over-allotment option and a portion of the net proceeds from the sale of the private placement warrants, was placed in the trust account. Transaction costs of the initial public offering amounted to $18,821,468, consisting of $4,800,000 of underwriting commissions, $13,140,000 of deferred underwriting commissions and $881,468 of other offering costs.

Quoted from its 10-K, filed 23 Mar 2026. Read the filing on SEC.gov ↗