---
title: "Cartesian Growth III Issues Sponsor Promissory Note Financing"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286827800.md"
description: "Cartesian Growth Corporation III issued a $150,000 unsecured, interest-free promissory note to its sponsor, CGC III Sponsor LLC, with repayment due upon the completion of its initial business combination or winding up of the company. The sponsor can convert the principal into working capital warrants at $1.00 per warrant, enhancing financing flexibility for the SPAC's transaction."
datetime: "2026-05-18T23:13:35.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286827800.md)
  - [en](https://longbridge.com/en/news/286827800.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286827800.md)
generator: "portal-rs"
---

# Cartesian Growth III Issues Sponsor Promissory Note Financing

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An update from Cartesian Growth Corp. III Class A ( (CGCT) ) is now available.

On May 18, 2026, Cartesian Growth Corporation III issued an unsecured, interest‑free promissory note for $150,000 to its sponsor, CGC III Sponsor LLC, with repayment due upon completion of its initial business combination or the effective winding up of the company. The sponsor may convert the outstanding principal into working capital warrants at a rate of $1.00 per warrant, on terms matching the private placement warrants sold at the May 2025 IPO, providing additional flexibility in financing the SPAC’s transaction while concentrating economic exposure with the sponsor.

**More about Cartesian Growth Corp. III Class A**

Cartesian Growth Corporation III is a special purpose acquisition company (SPAC) formed to pursue an initial business combination, typically by merging with or acquiring a private operating business. It focuses on identifying suitable targets to take public, using capital raised in its initial public offering alongside sponsor financing to complete a transaction.

**Average Trading Volume:** 150,510

**Technical Sentiment Signal:** Strong Buy

**Current Market Cap:** $358.1M

Find detailed analytics on CGCT stock on TipRanks’ Stock Analysis page.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**