Cartesian Growth Corp III-A(CGCT) - 2025 Q2 - Quarterly Report

Financial Performance - For the three months ended June 30, 2025, the company reported a net income of $1,319,166, driven by interest earned on investments held in the Trust Account of $1,767,744, offset by general and administrative costs of $448,578 [122]. - Cash used in operating activities for the six months ended June 30, 2025, was $301,421, with net income of $1,298,717 impacted by interest earned on investments [126]. Trust Account and Securities - As of June 30, 2025, the company had marketable securities held in the Trust Account totaling $277,767,744, which includes approximately $1,767,744 of interest income [127]. - The company intends to use substantially all funds held in the Trust Account to complete its initial Business Combination, with remaining proceeds allocated for working capital to finance operations of the target business [127]. - As of June 30, 2025, the company had cash of $827,241 available for identifying and evaluating target businesses and related due diligence activities [128]. - The underwriters of the Initial Public Offering are entitled to a deferred underwriting discount of 4.50% of the gross proceeds held in the Trust Account, amounting to $13,140,000 in total [136]. 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 amounted to $18,821,468, which included $4,800,000 in cash underwriting commissions and $13,140,000 in deferred underwriting commissions [125]. Financing and Debt - The company may require additional financing to meet expenditures prior to the initial Business Combination and may issue additional securities or incur debt if necessary [130]. - The company has no long-term debt obligations or off-balance sheet arrangements as of June 30, 2025 [133][134].