CGCTW

Cartesian Growth Corp. III CGCTW represents warrants issued by this special purpose acquisition company. Each warrant gives the holder the right to purchase one share of Cartesian Growth Corp. III common stock at a predetermined exercise price, typically $11.50 per share, subject to adjustments. Warrants generally become exercisable only after the SPAC completes a business combination with a target company and usually expire five years from that date or earlier under certain redemption scenarios. SPAC warrants provide investors with leveraged exposure to the potential success of the ultimate business combination, as they can profit if the stock price exceeds the exercise price. The warrants may be called for redemption by the company under specific conditions, such as when the stock trades above certain thresholds for a sustained period. Warrants are considered more speculative than common stock due to their time-limited nature and the requirement that a successful business combination occurs for them to have intrinsic value. They trade separately from the common stock and units.