secwatch.observer — SEC 8-K summary
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Issuer:     Cartesian Growth Corp III (CGCT)
CIK:        0002049662
Form:       8-K
Filed at:   2025-05-12T23:59:59+00:00
Accession:  0001104659-25-046908
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2049662/000110465925046908/0001104659-25-046908-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2049662/000110465925046908/tm2514594d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-046908

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