Cartesian Growth Corp III completes $276M IPO, funds trust for business combination

Cartesian Growth Corp III

IPO of 27,600,000 units at $10.00/unit, gross proceeds $276M; each unit includes one Class A share and one-half warrant exercisable at $11.50.
Private placement of 6,800,000 warrants at $1.00/warrant to sponsor and Cantor Fitzgerald, gross proceeds $6.8M.
Trust account funded with $276M ($10.00 per public share); 24-month deadline to complete initial business combination.
Balance sheet as of May 5, 2025: total assets $277.7M, total liabilities $13.78M, shareholders' deficit $(12.08)M.
No target selected yet; net proceeds intended for a business combination; transaction costs total $18.82M.

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