CGCT
Cartesian Growth Corporation III10.11
+0.00+0%
Dec 11, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
348.79MP/E (TTM)
-Basic EPS (TTM)
-Dividend Yield
0%Recent Filings
8-K
CGC III-Factorial $1.1B merger
Cartesian Growth Corporation III signed a business combination agreement with Factorial Inc on December 17, 2025, valuing Factorial's solid-state battery tech at $1.1B pre-money. The deal includes $100M PIPE financing and targets mid-2026 close after domestication to Delaware and merger. Factorial's cells enable 1,200km range in Mercedes EQS tests. Redemptions pose key risk.
10-Q
Q3 FY2025 results
Cartesian Growth III posted Q3 net income of $2.8M for the quarter ended September 30, 2025, driven by $2.9M in Trust Account interest that swamped $137k operating costs—yet net beat ops by 100%+ thanks to that income. Nine-month tally hit $4.1M net on $4.7M interest versus $606k G&A. Post-IPO May 5 Trust swelled to $280.7M at ~$10.17/share from $276M proceeds, with $661k cash outside and $13.1M deferred underwriting looming. Solid liquidity. No target yet. Trust intact.
10-Q
Q2 FY2025 results
Cartesian Growth Corporation III completed its IPO in May 2025, raising $276M in gross proceeds and placing $276M into a trust account yielding $1.8M in interest for Q2 ended June 30, 2025. This drove net income of $1.3M, or $0.05 diluted EPS for redeemable Class A shares, against $449K in general and administrative costs—its sole operating expense. Cash outside the trust stands at $827K, with no debt and ample liquidity for the 24-month business combination window. No non-GAAP metrics disclosed in the 10-Q. Yet the hunt for a target drags on.
8-K
Unit separation starts June 24
Cartesian Growth Corporation III announced on June 20, 2025, that unit holders can begin separating their units into Class A ordinary shares and warrants for independent trading starting June 24, 2025, on Nasdaq under symbols CGCT and CGCTW. Unseparated units will continue trading as CGCTU, with brokers coordinating separations through the transfer agent. This step enhances liquidity for the blank check company's post-IPO securities. No fractional warrants will issue.
10-Q
Q1 FY2025 results
Cartesian Growth Corporation III, a blank check company, reported a modest net loss of $20,449 for Q1 FY2025 ended March 31, 2025, driven by general and administrative costs with no revenue yet generated. Expenses rose from the prior quarter's $22,171 (derived), reflecting ramped-up IPO preparations, while the $0.00 diluted EPS on 6,000,000 weighted-average Class B shares held steady. Cash stayed at zero, offset by a $227,374 related-party promissory note, but liquidity strengthened post-quarter with the May 5, 2025, IPO closing, raising $276M in gross proceeds from 27.6M units at $10 each, all placed in trust. No debt beyond the note, which was repaid at closing; non-GAAP metrics not disclosed in the 10-Q. Founder shares totaled 6.9M after recapitalization. Geopolitical tensions pose risks to the business combination search.
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