Quarterly ResultMay 15, 2026, 05:11 PM
Cartesian Growth Corp III Q1 Net Income $1.68M
AI Summary
Cartesian Growth Corporation III reported a net income of $1,680,417 for the three months ended March 31, 2026, a significant improvement from a net loss of $20,449 in the prior year period. This income was primarily driven by $2,491,718 in interest earned on investments held in its Trust Account. The company, a blank check company, continues to seek a business combination, with its Trust Account growing to $285.87 million. However, management noted substantial doubt about the company's ability to continue as a going concern due to its liquidity condition.
Key Highlights
- Net income for Q1 2026 was $1,680,417, compared to a net loss of $20,449 in Q1 2025.
- Interest earned on Trust Account investments totaled $2,491,718 in Q1 2026.
- Investments held in Trust Account increased to $285,868,994 as of March 31, 2026.
- Total assets reached $286,387,703 as of March 31, 2026.
- General and administrative costs rose to $811,301 in Q1 2026 from $20,449 in Q1 2025.
- Cash balance decreased to $396,210 as of March 31, 2026 from $624,163 at year-end 2025.
- Working capital deficit was $877,955 as of March 31, 2026.
Price Impact
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