Cartesian Growth Corporation III
CGCTU
NASDAQ12.01
USD
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Cartesian Growth Corporation III
CGCTU
(NASDAQ)
Recent
price
12.01
P/E
ratio
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div
yld
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ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Cartesian Growth Corporation III Unit Cartesian Growth Corporation III Unit (CGCTU) represents bundled securities of Cartesian Growth Corporation III, a blank check company incorporated in the Cayman Islands in October 2024 and headquartered at 505 Fifth Avenue, 15th Floor, New York, New York; the company conducts no independent operations and exists solely to effect a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar initial business combination with one or more unidentified high-growth businesses, with a preference for targets exhibiting proven or potential transnational operations across diverse industries and geographies to leverage its management's global private equity network and value-creation expertise. Each unit, priced at $10.00 in its May 2025 initial public offering of 24 million units for $240 million gross proceeds underwritten by Cantor Fitzgerald & Co., comprises one Class A ordinary share and one-half of one redeemable warrant exercisable at $11.50 per share for whole warrants only upon separation; concurrent private placements include 6.8 million sponsor and underwriter warrants and 6.9 million founder shares held by initial shareholders affiliated with Cartesian Capital Group LLC, a New York-based private equity firm with over $3 billion in assets under management since 2006; public shareholders retain redemption rights upon business combination or liquidation after a 24-month completion window, with trust assets held by Continental Stock Transfer & Trust Company. Recent developments include the upsized IPO pricing on May 1, 2025, Nasdaq listing commencement under CGCTU on May 2, 2025, and separate trading activation of Class A shares (CGCT) and warrants (CGCTW) on or about June 24, 2025; as of November 2025, no business combination target has been announced, and the company continues sponsor reimbursements of $10,000 monthly for administrative support while searching globally without substantive prior discussions or selected targets.
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