Cartesian Growth Ticker Change Draws Trader Attention to Factorial Energy
Factorial Energy Inc. saw new premarket demand on Tuesday, building on a strong first day of trading with the FAC ticker after swapping in for Cartesian Growth Corporation III on Nasdaq. Shares closed the opening session with a big gain. CGCT isn’t just a SPAC anymore. The company has shed its status as a blank-check shell after the merger. A SPAC—short for special purpose acquisition company—is a listed cash shell that combines with a private firm. Now the ticker links to an operating battery company, not just cash.