CGCTU

Cartesian Growth Corp. III units represent securities issued by this special purpose acquisition company (SPAC) during its initial public offering. Each unit typically consists of one share of common stock and a fraction of one warrant, packaged together as a single tradable security. Unit holders have the right to separately trade the common stock and warrants once the company files for separate trading with the exchange, usually several weeks after the IPO. The units provide investors with exposure to both the equity component and the warrant component of the SPAC structure. The warrant portion gives holders the right to purchase additional shares at a predetermined price in the future, typically after a business combination is completed. Units are often purchased by investors who want immediate exposure to the SPAC while retaining the optionality provided by the warrants. Once separated, the underlying common stock and warrants trade independently under different ticker symbols, while units may continue to trade for investors preferring the combined security.