Stellantis N.V. Reports 9.5% Stake in Factorial Energy Inc. Following Business Combination

On June 17, 2026, Stellantis N.V., along with its subsidiaries Stellantis Europe S.p.A. and Stellantis Ventures B.V., filed a Schedule 13D reporting a 9.5% stake in Factorial Energy Inc. (CGCT). The reporting persons acquired 8,669,995 shares of Series A Common Stock following the completion of a business combination on June 5, 2026. This acquisition resulted from the conversion of previously held Factorial securities, including Series D redeemable preferred stock, warrants, and a secured convertible promissory note. In connection with the transaction, Jon Nelson, Chief Executive of Stellantis Financial Services, was elected to Factorial's Board of Directors. The acquired shares are subject to lock-up provisions, with 25% releasing after 180 days, 25% after 270 days, and the remaining 50% after one year, subject to certain price-based early release conditions. Additionally, the parties entered into a Registration Rights Agreement requiring the issuer to file a resale registration statement within 30 days of the closing. Stellantis views the investment as an attractive opportunity and may engage in future discussions regarding the issuer's business strategy.