Cartesian Growth Corp III (CGCT) Form 10-Q — May 15, 2026
Cartesian Growth Corp III reported a net income of $1.68 million for the quarter ended March 31, 2026, driven primarily by $2.49 million in interest earned on its trust account, which grew to $285.9 million. The company continues to pursue its business combination with Factorial Inc., with closing expected in mid-2026 pending shareholder approvals and customary conditions. The filing confirms a $100 million PIPE financing agreement with institutional and sponsor-affiliated investors, involving the issuance of approximately 9.93 million shares of New Factorial Series A Common Stock at an average price of $10.08 per share.
Key figures
- Net Income
- 1680417
- Total Debt
- 14527305
- Total Assets
- 286387703
- Cash Position
- 396210
- Pipe Shares Issued
- 9927184
- Pipe Price Per Share
- 10.08
- Interest Earned Trust
- 2491718
- Pipe Financing Amount
- 100000000
- Trust Account Balance
- 285868994
- Warrants Outstanding
- 20600000
- Modified Deferred Fee Cap
- 13000000
- Deferred Underwriting Fee
- 13140000
- Shares Outstanding Class A
- 27600000
- Shares Outstanding Class B
- 6900000
- Modified Deferred Fee Floor
- 3750000
- General And Administrative Costs
- 811301
Price after filing
Close on the filing date to close N calendar days later (from $10.38). Historical, not a forecast.
AI analysis
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