Cartesian Growth Corporation III (CGCT) said Friday it priced its initial public offering of 24 million units, upsized from 20 million units, at $10 apiece.
Each unit consists of one class A ordinary share and one-half of one redeemable warrant, with each whole warrant entitling the holder to purchase one class A ordinary share at $11.50 per share.
The units are expected to commence trading on Friday on the Nasdaq Stock Market under the symbol "CGCTU." Once the securities comprising the units begin separate trading, the ordinary shares and warrants are expected to be listed under "CGCT" and "CGCTW," respectively.
The offering will likely close on or about May 5.
The blank-check company said its sponsor is an affiliate of Cartesian Capital Group, a private equity firm.
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