Cartesian Growth Corp. III
Key Metrics
Market Snapshot
About
Cartesian Growth Corp. III is a special purpose acquisition company (SPAC) formed to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The SPAC raised capital through an initial public offering with the purpose of identifying and acquiring a target company, typically in the technology or technology-enabled services sector. Cartesian Growth Corp. III was sponsored by an experienced management team with expertise in identifying, evaluating, and executing business combinations. The SPAC structure allows the sponsors to search for an attractive private company to take public through the merger process, providing an alternative to a traditional IPO. Until a business combination is completed, the proceeds from the IPO are held in trust. If Cartesian Growth Corp. III does not complete a business combination within a specified timeframe, the SPAC will liquidate and return the trust funds to public shareholders. The company represents a blank-check investment vehicle seeking opportunities in growth-oriented businesses.