Loan & DebtMay 18, 2026, 05:31 PM
Cartesian Growth Corp III Issues $150,000 Unsecured Promissory Note
AI Summary
Cartesian Growth Corporation III issued an unsecured promissory note for $150,000 to its sponsor, CGC III Sponsor LLC, on May 18, 2026. The note does not bear interest and is payable upon the earlier of the company's initial business combination or its winding up. The sponsor has the option to convert the principal into Working Capital Warrants at $1.00 per warrant if a business combination is consummated.
Key Highlights
- Cartesian Growth Corp III issued an unsecured promissory note for $150,000.
- The note was issued to CGC III Sponsor LLC on May 18, 2026.
- The promissory note does not bear interest.
- Principal is due on the earlier of initial business combination or company winding up.
- Sponsor can convert principal into Working Capital Warrants at $1.00 per warrant.
- Conversion option is available if the initial business combination is consummated.
Price Impact
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