Company: CGCT
Filing Date: 2025-06-17
Form Type: 10-Q
Source: 0001410578-25-001417
Chunk: 2

Company: Cartesian Growth Corp III
Filing Date: 2025-06-17
Form: 10-Q
Item: Part I, Item 1F
Chunk 2
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Item 1. Financial Statements.

CARTESIAN GROWTH CORPORATION III

CONDENSED BALANCE SHEETS

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​​​​​​​​    March 31,     December 31, ​​2025​2024​​(Unaudited)​​​Assets ​   ​  Prepaid expenses – current asset​$ —​$ 3,202Deferred offering costs​  705,940​  263,676Total Assets​$ 705,940​$ 266,878​​​​​​​Liabilities and Shareholders’ Deficit​   ​   Accrued offering costs​$ 516,635​$ 242,872Promissory note – related party​  227,374​  41,626Total Current Liabilities​  744,009​  284,498​​​​​​​Shareholders’ Deficit​   ​   Preference shares, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding​  —​  —Class A ordinary shares, $0.0001 par value; 200,000,000 shares authorized; none issued and outstanding​   ​   Class B ordinary shares, $0.0001 par value; 20,000,000 shares authorized; 6,900,000 shares issued and outstanding as of March 31, 2025 (unaudited) and December 31, 2024(1)(2)​  690​  690Additional paid-in capital​  24,310​  24,310Accumulated deficit​  (63,069)​  (42,620)Total Shareholders’ Deficit​  (38,069)​  (17,620)Total Liabilities and Shareholders’ Deficit​$ 705,940​$ 266,878

(1)On May 1, 2025, pursuant to a share recapitalization, the Company issued an additional 1,150,000 founder shares to the Sponsor (with DirectorCo waiving its entitlement to be issued additional founder shares in connection therewith and directing its allotment be issued to the Sponsor), resulting in the Company’s initial shareholders holding an aggregate of 6,900,000 founder shares. All share and per share data have been retrospectively presented.

(2)Includes an aggregate of up to 900,000 founder shares that