SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

Mar. 31, 2026

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Schedule of Class A ordinary shares subject to possible redemption reflected in the balance sheet


Gross proceeds	$	276,000,000
Less:
Proceeds allocated to public warrants		(3,132,600)
Class A ordinary shares issuance cost		(18,586,890)
Plus:
Remeasurement of carrying value to redemption value		29,096,766
Class A ordinary shares subject to possible redemption, December 31, 2025	$	283,377,276
Plus:
Remeasurement of carrying value to redemption value		2,491,718
Class A ordinary shares subject to possible redemption, March 31, 2026	$	285,868,994

Schedule of calculation of basic and diluted net income per ordinary share

The following table reflects the calculation of basic and diluted net income (loss) per ordinary share (in dollars, except per share amounts):


		For the Three Months Ended March 31,
		2026						2025
					Non-					Non-
		Redeemable			redeemable			Redeemable		redeemable
		Class A			Class B			Class A		Class B
Basic and diluted net income (loss) per ordinary share
Numerator:
Allocation of net income (loss)		$	1,344,334		$	336,083		$	—	$	(20,449)
Denominator:
Basic and diluted weighted average shares outstanding			27,600,000			6,900,000			—		6,900,000
Basic and diluted net income (loss) per ordinary share		$	0.05		$	0.05		$	—	$	(0.00)

- Definition

Tabular disclosure of temporary equity. Temporary equity is a security with redemption features that are outside the control of the issuer, is not classified as an asset or liability in conformity with GAAP, and is not mandatorily redeemable. Includes any type of security that is redeemable at a fixed or determinable price or on a fixed or determinable date or dates, is redeemable at the option of the holder, or has conditions for redemption which are not solely within the control of the issuer. If convertible, the issuer does not control the actions or events necessary to issue the maximum number of shares that could be required to be delivered under the conversion option if the holder exercises the option to convert the stock to another class of equity. If the security is a warrant or a rights issue, the warrant or rights issue is considered to be temporary equity if the issuer cannot demonstrate that it would be able to deliver upon the exercise of the option by the holder in all cases. Includes stock with put option held by ESOP and stock redeemable by holder only in the event of a change in control of the issuer.

+ References + Details

Cartesian Growth Corp III 10-Q