Cartesian Growth Corp III Unit(CGCTU) - 2025 Q2 - Quarterly Report

Financial Performance - For the three months ended June 30, 2025, the company reported a net income of $1,319,166, consisting of interest earned on investments held in the Trust Account of $1,767,744, offset by general and administrative costs of $448,578[122]. - For the six months ended June 30, 2025, the company had a net income of $1,298,717, with interest income from the Trust Account amounting to $1,767,744 and general and administrative costs of $469,027[122]. Trust Account and Securities - As of June 30, 2025, the company held marketable securities in the Trust Account valued at $277,767,744, which includes approximately $1,767,744 of interest income[127]. - The company intends to use substantially all funds in the Trust Account to complete its initial Business Combination and for working capital to finance operations of the target business[127]. Initial Public Offering - The company completed its Initial Public Offering on May 5, 2025, raising gross proceeds of $276,000,000 from the sale of 27,600,000 units at $10.00 per unit[124]. - Transaction costs incurred during the Initial Public Offering totaled $18,821,468, which included $4,800,000 in cash underwriting commissions and $13,140,000 in deferred underwriting commissions[125]. Cash and Financing - As of June 30, 2025, the company had cash of $827,241 available for operational activities and evaluating target businesses[128]. - The company may require additional financing to complete its initial Business Combination or to address significant redemptions of public shares[132]. - The company has no long-term debt obligations or off-balance sheet arrangements as of June 30, 2025[133][134]. Registration Rights - The company has granted registration rights to holders of founder shares and Private Placement Warrants, allowing them to demand registration of their securities[137].