I'm LongbridgeAI, I can summarize articles.Revenue: As of FY2026 Q1, the actual value is USD 0.
EPS: As of FY2026 Q1, the actual value is USD 0.05.
EBIT: As of FY2026 Q1, the actual value is USD -3.303 M.
Net Income (Loss)
- Cartesian Growth Corporation III reported a net income of $1,680,417 for the three months ended March 31, 2026, compared to a net loss of -$20,449 for the three months ended March 31, 2025.
Operational Metrics
- General and administrative costs for Cartesian Growth Corporation III were $811,301 for the three months ended March 31, 2026, an increase from $20,449 for the same period in 2025.
- Interest earned on investments held in the Trust Account was $2,491,718 for the three months ended March 31, 2026, with no interest earned in the corresponding period of 2025.
Cash Flow
- Net cash used in operating activities by Cartesian Growth Corporation III was -$227,953 for the three months ended March 31, 2026, while there was no cash used in operating activities for the three months ended March 31, 2025.
Balance Sheet Highlights
- As of March 31, 2026, Cartesian Growth Corporation III’s cash balance was $396,210, a decrease from $624,163 as of December 31, 2025.
- Investments held in the Trust Account increased to $285,868,994 as of March 31, 2026, from $283,377,276 as of December 31, 2025.
- The company had a working capital deficit of -$877,955 as of March 31, 2026.
Business Combination Related Metrics
- Total transaction costs for the Initial Public Offering amounted to $18,821,468, comprising $4,800,000 in cash underwriting commissions, $13,140,000 in deferred underwriting commissions, and $881,468 in other offering costs.
- The deferred underwriting commission of $13,140,000 was modified with Cantor Fitzgerald & Co., with the modified fee set at $3.75 million plus amounts based on unredeemed public shares, capped at $13.0 million, if the business combination with Factorial Inc. is consummated.
- In connection with the PIPE Financing, investors agreed to subscribe for 9,927,184 shares of New Factorial Series A Common Stock at an average subscription price of $10.08 per share, generating aggregate gross proceeds of $100,000,000.
Future Outlook and Strategy
- Cartesian Growth Corporation III expects its proposed Business Combination with Factorial Inc. to close in mid-2026, contingent on shareholder and stockholder approvals and other closing conditions.
- The company anticipates incurring significant costs in pursuit of its acquisition plans and does not expect to generate operating revenues until after the completion of its initial Business Combination.
- Management has determined that the company’s current liquidity condition raises substantial doubt about its ability to continue as a going concern, indicating a potential need for additional funding to meet expenditures or complete the Business Combination.