Mark Robinson, Praveen Sahay and U. Haskell Crocker, who manage WAVE Equity’s general partners, disclosed beneficial ownership of about 10.7% of Factorial Energy Inc. common stock. The stake reflects shares issued at the June 5, 2026 closing of Factorial’s business combination with Cartesian Growth Corporation III. The managers share voting control across WAVE Equity’s funds, and the issuer plans to register the shares for resale.
Investor Intent
The investors hold the shares for investment purposes and received them in the business combination, not through open‑market purchases. "The shares held by the Funds are being registered for resale by the Issuer on a Registration Statement on Form S-1."
They report no current plans to seek control changes or other corporate actions. As stated, they "hold such securities for investment purposes" and have no present proposals under Items (a) through (j) of Schedule 13D.
Investor's Background
WAVE Equity Partners backs resource-efficient and industrial technology companies with growth capital. In this filing, WAVE Equity Fund, WAVE Factorial Energy I, and a co‑invest vehicle directly hold the shares, while WAVE Equity GP LP and WAVE Equity LLC serve as general partners. Robinson, Sahay, and Crocker share voting and investment decisions across these entities.
Original SEC Filing:
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