Cartesian Growth Corp III-A 2026年季度报告

or (Former name, former address and former fiscalyear, if changed since last report) Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d)of the SecuritiesExchange Act of 1934 during the preceding 12months (or for such shorter period that the registrant was required to file suchreports), and (2)has been subject to such filing requirements for the past 90days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule405 of Regulation S-T (§232.405 of this chapter) during the preceding 12months (or for such shorter period thatthe registrant was required to submit such files). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company,” and “emerging growth company” in Rule12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section13(a)of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act). Yes☒No☐ As of May15, 2026, there were 27,600,000 ClassA ordinary shares, par value $0.0001 per share, and 6,900,000 ClassB ordinaryshares, par value $0.0001 per share, issued and outstanding. CARTESIAN GROWTH CORPORATION III FORM10-Q FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2026TABLE OF CONTENTS Part I. Financial InformationItem 1. Financial StatementsCondensed Balance Sheets as of March 31, 2026 (Unaudited) and December 31, 20251Condensed Statements of Operations For the Three Months Ended March 31, 2026 and 2025(Unaudited)2Condensed Statements of Changes in Shareholders’ Deficit For the Three Months Ended March 31,2026 and 2025 (Unaudited)3Condensed Statement of Cash Flows For the Three Months ended March 31, 2026 and 2025(Unaudited)4Notes to Condensed Financial Statements (Unaudited)5Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations21Item 3. Quantitative and Qualitative Disclosures About Market Risk25Item 4. Controls and Procedures25Part II. Other InformationItem 1. Legal Proceedings26Item 1A. Risk Factors26Item 2. Unregistered Sales of Equity Securities and Use of Proceeds26Item 3. Defaults Upon Senior Securities27Item 4. Mine Safety Disclosures27Item 5. Other Information27Item 6. Exhibits28Signatures29 PARTI- FINANCIAL INFORMATION CARTESIAN GROWTH CORPORATION IIICONDENSED BALANCE SHEETS CARTESIAN GROWTH CORPORATION IIICONDENSED STATEMENTS OF OPERATIONS(UNAUDITED) For the Three Months EndedMarch31,20262025 CARTESIAN GROWTH CORPORATION IIICONDENSED STATEMENTS OF CHANGES IN SHAREHOLDERS’ DEFICIT(UNAUDITED) FOR THE THREE MONTHS ENDED MARCH 31, 2026 (1)On May 1, 2025, pursuant to a share recapitalization, the Company issued an additional 1,150,000 founder sharesto the Sponsor (with DirectorCo waiving its entitlement to be issued additional founder shares in connectiontherewith and directing its allotment to be issued to the Sponsor), resulting in the Company’s initial shareholdersholding an aggregate of 6,900,000 founder shares. All share and per share data have been retrospectivelypresented.(2)Includes an aggregate of up to 900,000 founder shares that were subject to forfeiture by the Sponsor depending on the extent to which the underwriters’ over-allotment option was exercised. On May 2, 2025, the underwritersexercised their over-allotment option in full, which was settled as part of the closing of the Initial Public Offering.As such, 900,000 founder shares are no longer subject to forfeiture by the Sponsor. The accompanying notes are an integral part of these unaudited condensed financial statements. CARTESIAN GROWTH CORPORATION IIICONDENSED STATEMENTS OF CASH FLOWS(UNAUDITED) CARTESIAN GROWTH CORPORATION IIINOTESTO CONDENSED FINANCIAL STATEMENTSMARCH 31, 2026(Unaudited) NOTE1. DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS Cartesian Growth Corporation III(the “Company”) is a blank check company incorporated as a Cayman Islandsexempted corporation on October29, 2024. The Company was incorporated for the purpose of effecting a merger,amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination withone or more businesses or entities (the “Business Combination”). Prior to the consummation of its initial publicoffering (“Initial Public Offering”), the Company had not, nor had anyone on its behalf, engaged in any substantivediscussions,directly or indirectly,with any Business Combination target with respect to an initial BusinessCombination with the Company. As of Ma