
Solid-state battery developer Factorial completed its SPAC merger and now trades on Nasdaq under ticker FAC. The transaction values the company at roughly $1.3 billion and generated over $100 million in gross proceeds. Factorial will use the capital to accelerate solid-state battery deployment for automotive partners including Mercedes-Benz, Stellantis, and Hyundai-Kia.
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Quantum Space goes public in $1.2B SPAC merger
Summary by ByteBrief