v3.26.1
STATEMENTS OF CASH FLOWS - USD ($)
2 Months Ended 3 Months Ended 12 Months Ended
Dec. 31, 2024
Mar. 31, 2026
Mar. 31, 2025
Dec. 31, 2024
Dec. 31, 2025
Dec. 31, 2024
Cash Flows from Operating Activities:            
Net income (loss)   $ (8,575,000) $ (12,870,000)   $ (73,845,000) $ (54,344,000)
Changes in operating assets and liabilities:            
Accrued expenses   271,000 (2,000)   134,000 (688,000)
Net cash used in operating activities   (6,120,000) (6,103,000)   (30,162,000) (37,210,000)
Cash Flows from Investing Activities:            
Net cash used in investing activities   (487,000) (172,000)   1,326,000 (1,877,000)
Cash Flows from Financing Activities:            
Net cash provided by financing activities   3,302,000 (205,000)   7,300,000 (816,000)
Net Change in Cash   (3,439,000) (6,516,000)   (21,649,000) (40,118,000)
Cash - Beginning of period   29,772,000 51,421,000   51,421,000  
Cash - End of period $ 51,421,000 26,333,000 44,905,000 $ 51,421,000 29,772,000 $ 51,421,000
Cartesian Growth Corporation III            
Cash Flows from Operating Activities:            
Net income (loss) (42,620) 1,680,417 (20,449)   6,219,069  
Adjustments to reconcile net income (loss) to net cash used in operating activities:            
Payment of operation costs through promissory note 35,814   20,449   20,450  
Formation costs paid through issuance of Class B ordinary shares 6,806          
Interest earned on marketable securities held in Trust Account   (2,491,718)     (7,377,276)  
Changes in operating assets and liabilities:            
Prepaid insurance         (112,307)  
Prepaid expenses   2,836     23,131  
Long term prepaid insurance   28,076     (37,435)  
Accrued expenses   552,436     759,869  
Net cash used in operating activities   (227,953)     (504,499)  
Cash Flows from Investing Activities:            
Investment of cash in Trust Account         (276,000,000)  
Net cash used in investing activities         (276,000,000)  
Cash Flows from Financing Activities:            
Proceeds from sale of Units, net of underwriting discounts paid         271,200,000  
Proceeds from sale of Private Placements Warrants         6,800,000  
Repayment of advances from related party         (37,433)  
Repayment of promissory note - related party         (250,000)  
Payment of offering costs         (583,905)  
Net cash provided by financing activities         277,128,662  
Net Change in Cash   (227,953)   624,163  
Cash - Beginning of period   624,163        
Cash - End of period   396,210   624,163  
Non-Cash investing and financing activities:            
Prepaid services contributed by Sponsor through promissory note - related party       $ 11,326    
Remeasurement of Class A ordinary shares to redemption value   $ 2,491,718     29,096,766  
Deferred offering costs paid by Sponsor in exchange for issuance of Class B ordinary shares 12,790          
Deferred costs included in accrued offering costs 242,872   273,763   371,503  
Deferred offering costs paid through promissory note - related party 5,812   165,299   176,598  
Deferred offering costs applied to prepaid expense $ 2,202   $ 3,202      
Deferred underwriting fee payable         $ 13,140,000