Cartesian Growth Corporation III (CGCT)
Blank-check company seeking to bring solid-state battery developer Factorial public.
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Cartesian Growth Corporation III is a Nasdaq-listed SPAC with no operating business before a merger. It has signed a business combination agreement with Factorial, a solid-state battery company, and the deal remains subject to shareholder approvals, regulatory steps, redemptions, and other closing conditions.
Cartesian Growth Corporation III is a Cayman Islands blank-check company based in New York and sponsored by an affiliate of Cartesian Capital Group. Its Class A shares trade on Nasdaq under CGCT, alongside units and warrants under related symbols. The company has no operating business before completing an initial business combination; its activities are centered on maintaining the public vehicle, evaluating targets, and using trust capital, shares, debt, or a mix of financing tools to complete a transaction.
In December 2025, it agreed to combine with Factorial, a solid-state battery developer whose technology is being positioned for passenger vehicles, defense, aerospace, robotics, and industrial uses. The pending deal would domesticate the vehicle in Delaware and rename the public company Factorial Holdings if it closes. Key dependencies are shareholder votes, effective SEC registration materials, listing approval, redemptions, and customary closing conditions.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $112.8M · Total debt $7.9M · Total assets $142.7M · Shareholders' equity $85.0M
- Revenue
- $0
- Operating income
- −$13.0M
- Net income
- −$11.3M
No dividends on record.
| Institutions21 holders · as of Jun 30, 2026 | 7.82% | 8.37M shares | |
| Strategic holders2 holders · as of Jun 12, 2026 | 9.29% | 9.94M shares | |
| Otherremainder | 82.89% | 88.72M shares |
107.02M company shares as of Sep 3, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Two share counts disagree (107.02M in the company's Sep 3, 2026 report, 27.60M elsewhere); stakes use the report.
This company has 2 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Evidence |
|---|---|---|---|
Mercedes-Benz Corporate Investments LLCStrategic | 8.10% | 8.67M | 13Dfiled Jun 12, 2026 ↗ |
Alyeska Investment Group, L.P.Institution | 6.72% | 7.20M A | 13Fas of Jun 30, 2026 |
CGC III Sponsor LLC1Strategic10 percent owner | 1.19% | 1.27M A | Form 4filed May 22, 2026 ↗ |
Transcend Capital Advisors, LLCInstitution | 0.67% | 713,000 A | 13Fas of Jun 30, 2026 |
Millennium Management LLCInstitution | 0.19% | 206,706 A | 13Fas of Jun 30, 2026 |
| See all 25 → | |||
- CGC III Sponsor LLC reports a block also reported by another filer; it is counted once, under that filer.
13F — a manager's quarterly holdings · 13D/13G — an ownership statement filed at 5% or more · Form 4 — an insider's transaction report
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| May 21, 2026 | CGC III Sponsor LLC | 10 percent owner | +6,089 | $10.38 |
| Apr 15, 2026 | CGC III Sponsor LLC | 10 percent owner | +134,963 | $10.63 |
| Apr 16, 2026 | CGC III Sponsor LLC | 10 percent owner | +252,100 | $11.03 |
| Apr 17, 2026 | CGC III Sponsor LLC | 10 percent owner | +28,522 | $11.50 |
| Apr 8, 2026 | CGC III Sponsor LLC | 10 percent owner | +208,535 | $10.93 |
Not reported.