10-Q Filing

Cartesian Growth Corp III CIK: 2049662 Q3 2025

Filing Information

Form Type	10-Q
Accession Number	`0001104659-25-112445`
Period End Date	20250930
Filing Date	20251114
Fiscal Year	2025
Fiscal Period	Q3
XBRL Instance	tmb-20250930x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 86 Income Statement 24 Cash Flow Statement 46 Stockholders Equity 30

Balance Sheet 86 line items

Line Item	Tag	Value	Unit	Period
Cash	`Cash`	-	USD	Point-in-time
Cash	`Cash`	-	USD	Point-in-time
Cash	`Cash`	$660.64K	USD	Point-in-time
Cash	`Cash`	$660.64K	USD	Point-in-time
Preferred shares , par value (In dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred shares , par value (In dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred shares , par value (In dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred shares , par value (In dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid insurance - current	`PrepaidInsurance`	$112.31K	USD	Point-in-time
Prepaid insurance - current	`PrepaidInsurance`	$112.31K	USD	Point-in-time
Preference shares, shares authorized (in shares)	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preference shares, shares authorized (in shares)	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preference shares, shares authorized (in shares)	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preference shares, shares authorized (in shares)	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseExcludingPrepaidInsuranceCurrent`	$3.20K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseExcludingPrepaidInsuranceCurrent`	$3.20K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseExcludingPrepaidInsuranceCurrent`	$52.27K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseExcludingPrepaidInsuranceCurrent`	$52.27K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.20K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.20K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$825.21K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$825.21K	USD	Point-in-time
Preference shares, shares issued (in shares	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preference shares, shares issued (in shares	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preference shares, shares issued (in shares	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preference shares, shares issued (in shares	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Deferred offering costs	`DeferredCosts`	$263.68K	USD	Point-in-time
Deferred offering costs	`DeferredCosts`	$263.68K	USD	Point-in-time
Preference shares, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preference shares, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preference shares, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preference shares, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Prepaid insurance - long term	`PrepaidExpenseNoncurrent`	$65.51K	USD	Point-in-time
Prepaid insurance - long term	`PrepaidExpenseNoncurrent`	$65.51K	USD	Point-in-time
Investments held in Trust Account	`AssetsHeldInTrustNoncurrent`	-	USD	Point-in-time
Investments held in Trust Account	`AssetsHeldInTrustNoncurrent`	-	USD	Point-in-time
Investments held in Trust Account	`AssetsHeldInTrustNoncurrent`	$280.67M	USD	Point-in-time
Investments held in Trust Account	`AssetsHeldInTrustNoncurrent`	$280.67M	USD	Point-in-time
Total Assets	`Assets`	$266.88K	USD	Point-in-time
Total Assets	`Assets`	$266.88K	USD	Point-in-time
Total Assets	`Assets`	$281.56M	USD	Point-in-time
Total Assets	`Assets`	$281.56M	USD	Point-in-time
Accrued offering costs	`AccruedOfferingCostsCurrent`	$242.87K	USD	Point-in-time
Accrued offering costs	`AccruedOfferingCostsCurrent`	$242.87K	USD	Point-in-time
Accrued offering costs	`AccruedOfferingCostsCurrent`	$75.00K	USD	Point-in-time
Accrued offering costs	`AccruedOfferingCostsCurrent`	$75.00K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$321.18K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$321.18K	USD	Point-in-time
Promissory note - related party	`NotesPayableCurrent`	$41.63K	USD	Point-in-time
Promissory note - related party	`NotesPayableCurrent`	$41.63K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$284.50K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$284.50K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$396.18K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$396.18K	USD	Point-in-time
Deferred underwriting fee	`DeferredUnderwritingFeesPayableNoncurrent`	$13.14M	USD	Point-in-time
Deferred underwriting fee	`DeferredUnderwritingFeesPayableNoncurrent`	$13.14M	USD	Point-in-time
Total Liabilities	`Liabilities`	$284.50K	USD	Point-in-time
Total Liabilities	`Liabilities`	$284.50K	USD	Point-in-time
Total Liabilities	`Liabilities`	$13.54M	USD	Point-in-time
Total Liabilities	`Liabilities`	$13.54M	USD	Point-in-time
Commitments and Contingencies (Note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies (Note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies (Note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies (Note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preference shares, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preference shares, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preference shares, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preference shares, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$24.31K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$24.31K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-42.62K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-42.62K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-12.65M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-12.65M	USD	Point-in-time
Total Shareholders' Deficit	`StockholdersEquity`	$-17.62K	USD	Point-in-time
Total Shareholders' Deficit	`StockholdersEquity`	$-17.62K	USD	Point-in-time
Total Shareholders' Deficit	`StockholdersEquity`	$-38.07K	USD	Point-in-time
Total Shareholders' Deficit	`StockholdersEquity`	$-38.07K	USD	Point-in-time
Total Shareholders' Deficit	`StockholdersEquity`	$-12.51M	USD	Point-in-time
Total Shareholders' Deficit	`StockholdersEquity`	$-12.51M	USD	Point-in-time
Total Shareholders' Deficit	`StockholdersEquity`	$-12.65M	USD	Point-in-time
Total Shareholders' Deficit	`StockholdersEquity`	$-12.65M	USD	Point-in-time
Total Liabilities, Class A Ordinary Shares Subject to Possible Redemption, and Shareholders' Deficit	`LiabilitiesAndStockholdersEquity`	$266.88K	USD	Point-in-time
Total Liabilities, Class A Ordinary Shares Subject to Possible Redemption, and Shareholders' Deficit	`LiabilitiesAndStockholdersEquity`	$266.88K	USD	Point-in-time
Total Liabilities, Class A Ordinary Shares Subject to Possible Redemption, and Shareholders' Deficit	`LiabilitiesAndStockholdersEquity`	$281.56M	USD	Point-in-time
Total Liabilities, Class A Ordinary Shares Subject to Possible Redemption, and Shareholders' Deficit	`LiabilitiesAndStockholdersEquity`	$281.56M	USD	Point-in-time

Income Statement 24 line items

Line Item	Tag	Value	Unit	Period
General and administrative costs	`GeneralAndAdministrativeExpense`	$137.35K	USD	1 Quarter
General and administrative costs	`GeneralAndAdministrativeExpense`	$137.35K	USD	1 Quarter
General and administrative costs	`GeneralAndAdministrativeExpense`	$606.37K	USD	3 Qtrs
General and administrative costs	`GeneralAndAdministrativeExpense`	$606.37K	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-137.35K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-137.35K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-606.37K	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-606.37K	USD	3 Qtrs
Interest earned on investments held in Trust Account	`InvestmentIncomeInterest`	$2.90M	USD	1 Quarter
Interest earned on investments held in Trust Account	`InvestmentIncomeInterest`	$2.90M	USD	1 Quarter
Interest earned on investments held in Trust Account	`InvestmentIncomeInterest`	$4.67M	USD	3 Qtrs
Interest earned on investments held in Trust Account	`InvestmentIncomeInterest`	$4.67M	USD	3 Qtrs
Other income, net	`NonoperatingIncomeExpense`	$2.90M	USD	1 Quarter
Other income, net	`NonoperatingIncomeExpense`	$2.90M	USD	1 Quarter
Other income, net	`NonoperatingIncomeExpense`	$4.67M	USD	3 Qtrs
Other income, net	`NonoperatingIncomeExpense`	$4.67M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$-20.45K	USD	1 Quarter
Net income	`NetIncomeLoss`	$-20.45K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.32M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.32M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.76M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.76M	USD	1 Quarter
Net income	`NetIncomeLoss`	$4.06M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$4.06M	USD	3 Qtrs

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$4.06M	USD	3 Qtrs
Net income	`ProfitLoss`	$4.06M	USD	3 Qtrs
Payment of operation costs through promissory note	`AdjustmentsForOperatingCostsThroughIssuanceOfPromissoryNotes`	$20.45K	USD	3 Qtrs
Payment of operation costs through promissory note	`AdjustmentsForOperatingCostsThroughIssuanceOfPromissoryNotes`	$20.45K	USD	3 Qtrs
Interest earned on marketable securities held in Trust Account	`InvestmentIncomeInterest`	$2.90M	USD	1 Quarter
Interest earned on marketable securities held in Trust Account	`InvestmentIncomeInterest`	$2.90M	USD	1 Quarter
Interest earned on marketable securities held in Trust Account	`InvestmentIncomeInterest`	$4.67M	USD	3 Qtrs
Interest earned on marketable securities held in Trust Account	`InvestmentIncomeInterest`	$4.67M	USD	3 Qtrs
Prepaid insurance	`IncreaseDecreaseInCurrentPrepaidInsurance`	$112.31K	USD	3 Qtrs
Prepaid insurance	`IncreaseDecreaseInCurrentPrepaidInsurance`	$112.31K	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$25.46K	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$25.46K	USD	3 Qtrs
Long term prepaid insurance	`IncreaseDecreaseInLongTermPrepaidInsurance`	$65.51K	USD	3 Qtrs
Long term prepaid insurance	`IncreaseDecreaseInLongTermPrepaidInsurance`	$65.51K	USD	3 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$321.18K	USD	3 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$321.18K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-468.02K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-468.02K	USD	3 Qtrs
Investment of cash in Trust Account	`PaymentsForInvestmentsOfCashInTrustAccount`	$276.00M	USD	3 Qtrs
Investment of cash in Trust Account	`PaymentsForInvestmentsOfCashInTrustAccount`	$276.00M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-276.00M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-276.00M	USD	3 Qtrs
Proceeds from sale of Units, net of underwriting discounts paid	`ProceedsFromInitialPublicOfferingNetOfUnderwritingFeesAndDiscounts`	$271.20M	USD	3 Qtrs
Proceeds from sale of Units, net of underwriting discounts paid	`ProceedsFromInitialPublicOfferingNetOfUnderwritingFeesAndDiscounts`	$271.20M	USD	3 Qtrs
Proceeds from sale of Private Placements Warrants	`ProceedsFromIssuanceOfWarrants`	$6.80M	USD	3 Qtrs
Proceeds from sale of Private Placements Warrants	`ProceedsFromIssuanceOfWarrants`	$6.80M	USD	3 Qtrs
Repayment of advances from related party	`RepaymentsOfRelatedPartyDebt`	$37.43K	USD	3 Qtrs
Repayment of advances from related party	`RepaymentsOfRelatedPartyDebt`	$37.43K	USD	3 Qtrs
Repayment of promissory note - related party	`RepaymentsOfNotesPayable`	$250.00K	USD	3 Qtrs
Repayment of promissory note - related party	`RepaymentsOfNotesPayable`	$250.00K	USD	3 Qtrs
Payment of offering costs	`PaymentsOfStockIssuanceCosts`	$583.90K	USD	3 Qtrs
Payment of offering costs	`PaymentsOfStockIssuanceCosts`	$583.90K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$277.13M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$277.13M	USD	3 Qtrs
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$660.64K	USD	3 Qtrs
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$660.64K	USD	3 Qtrs
Cash - Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$660.64K	USD	Point-in-time
Cash - Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$660.64K	USD	Point-in-time
Cash - End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$660.64K	USD	Point-in-time
Cash - End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$660.64K	USD	Point-in-time
Prepaid services contributed by Sponsor through promissory note - related party	`NotesIssued1`	$11.33K	USD	3 Qtrs
Prepaid services contributed by Sponsor through promissory note - related party	`NotesIssued1`	$11.33K	USD	3 Qtrs
Accretion of Class A ordinary shares to redemption value	`TemporaryEquityAccretionToRedemptionValueAdjustment`	$26.39M	USD	3 Qtrs
Accretion of Class A ordinary shares to redemption value	`TemporaryEquityAccretionToRedemptionValueAdjustment`	$26.39M	USD	3 Qtrs
Deferred underwriting fee payable	`DeferredUnderwritingFeesIncurredInNoncashOrPartialNoncashTransaction`	$13.14M	USD	3 Qtrs
Deferred underwriting fee payable	`DeferredUnderwritingFeesIncurredInNoncashOrPartialNoncashTransaction`	$13.14M	USD	3 Qtrs

Stockholders Equity 30 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$-17.62K	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-17.62K	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-38.07K	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-38.07K	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-12.51M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-12.51M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-12.65M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-12.65M	USD	Point-in-time
Accretion for Class A ordinary shares to redemption amount	`AccretionOfOrdinarySharesSubjectToPossibleRedemptionToRedemptionValue`	$23.49M	USD	1 Quarter
Accretion for Class A ordinary shares to redemption amount	`AccretionOfOrdinarySharesSubjectToPossibleRedemptionToRedemptionValue`	$23.49M	USD	1 Quarter
Accretion for Class A ordinary shares to redemption amount	`AccretionOfOrdinarySharesSubjectToPossibleRedemptionToRedemptionValue`	$2.90M	USD	1 Quarter
Accretion for Class A ordinary shares to redemption amount	`AccretionOfOrdinarySharesSubjectToPossibleRedemptionToRedemptionValue`	$2.90M	USD	1 Quarter
Allocated value of transaction costs to Class A shares	`AdjustmentsToAdditionalPaidInCapitalDecreaseDueToAllocationOfTransactionCostsToTemporaryEquity`	$234.58K	USD	1 Quarter
Allocated value of transaction costs to Class A shares	`AdjustmentsToAdditionalPaidInCapitalDecreaseDueToAllocationOfTransactionCostsToTemporaryEquity`	$234.58K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-20.45K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-20.45K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$1.32M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$1.32M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$2.76M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$2.76M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$4.06M	USD	3 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$4.06M	USD	3 Qtrs
Ending balance	`StockholdersEquity`	$-17.62K	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-17.62K	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-38.07K	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-38.07K	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-12.51M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-12.51M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-12.65M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-12.65M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.