Cartesian Growth Corp III-A 2026年季度报告

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section13(a)of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act). Yes☒No☐ As of May15, 2026, there were 27,600,000 ClassA ordinary shares, par value $0.0001 per share, and 6,900,000 ClassB ordinaryshares, par value $0.0001 per share, issued and outstanding. CARTESIAN GROWTH CORPORATION III FORM10-Q FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2026TABLE OF CONTENTS Part I. Financial Information Item 1. Financial StatementsCondensed Balance Sheets as of March 31, 2026 (Unaudited) and December 31, 20251Condensed Statements of Operations For the Three Months Ended March 31, 2026 and 2025(Unaudited)2Condensed Statements of Changes in Shareholders’ Deficit For the Three Months Ended March 31,2026 and 2025 (Unaudited)3Condensed Statement of Cash Flows For the Three Months ended March 31, 2026 and 2025(Unaudited)4Notes to Condensed Financial Statements (Unaudited)5Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations21Item 3. Quantitative and Qualitative Disclosures About Market Risk25Item 4. Controls and Procedures25Part II. Other InformationItem 1. Legal Proceedings26Item 1A. Risk Factors26Item 2. Unregistered Sales of Equity Securities and Use of Proceeds26Item 3. Defaults Upon Senior Securities27Item 4. Mine Safety Disclosures27Item 5. Other Information27Item 6. Exhibits28Signatures29 PARTI- FINANCIAL INFORMATION CARTESIAN GROWTH CORPORATION IIICONDENSED STATEMENTS OF OPERATIONS CARTESIAN GROWTH CORPORATION IIICONDENSED STATEMENTS OF CHANGES IN SHAREHOLDERS’ DEFICIT (1)On May 1, 2025, pursuant to a share recapitalization, the Company issued an additional 1,150,000 founder sharesto the Sponsor (with DirectorCo waiving its entitlement to be issued additional founder shares in connectiontherewith and directing its allotment to be issued to the Sponsor), resulting in the Company’s initial shareholders (2)Includes an aggregate of up to 900,000 founder shares that were subject to forfeiture by the Sponsor depending onthe extent to which the underwriters’ over-allotment option was exercised. On May 2, 2025, the underwritersexercised their over-allotment option in full, which was settled as part of the closing of the Initial Public Offering. The accompanying notes are an integral part of these unaudited condensed financial statements. Table of Contents CARTESIAN GROWTH CORPORATION IIINOTESTO CONDENSED FINANCIAL STATEMENTS NOTE1. DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS Cartesian Growth Corporation III(the “Company”) is a blank check company incorporated as a Cayman Islandsexempted corporation on October29, 2024. The Company was incorporated for the purpose of effecting a merger,amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination withone or more businesses or entities (the “Business Combination”). Prior to the consummation of its initial public As of March 31, 2026, the Company has not commenced any operations. All activity for the period from October 29,2024 (inception) through March 31, 2026 relates to the Company’s formation and the Initial Public Offering, which isdescribed below, and subsequent to the Initial Public Offering, identifying a target company for a BusinessCombination. The Company will not generate any operating revenues until after the completion of its initial Business The Company’s Sponsor is CGC III Sponsor LLC (the “Sponsor”). The registration statements for the Company’sInitial Public Offering became effective on May1, 2025. On May5, 2025, the Company consummated the InitialPublic Offering of 27,600,000 units (the “Units”), which includes the full exercise by the underwriters of their over-allotment option of 3,600,000 Units, at $10.00 per Unit, generating gross proceeds of $276,000,000. Simultaneouslywith the closing of the Initial Public Offering, the Company consummated the sale of an aggregate of 6,800,000Private Placement Warrants (the “Private Placement Warrants”) to the Sponsor and Cantor Fitzgerald& Co.(“Cantor”), the representative of the underwriters of the Initial Public Offering, at a price of $1.00 per warrant,generating gross proceeds of $6,800,000. Of those 6,800,000 Private Placement Warrants, the Sponsor purchased Transaction costs amounted to $18,821,468, consisting of $4,800,000 of cash underwriting fee, $13,140,000 ofdeferred underwriting fee and $881,468 of other offering costs. The Company’s Business Com