SCHEDULE 13G: Investment Funds Disclose 5.62% Stake in Cartesian Growth Corporation III
Beneficial Ownership Disclosure
MMCAP International Inc. SPC and MM Asset Management Inc. have jointly disclosed a 5.62% beneficial ownership stake in Cartesian Growth Corporation III's Class A ordinary shares.
Summary
- MMCAP International Inc. SPC and MM Asset Management Inc. jointly reported beneficial ownership of 1,350,000 Class A ordinary shares of Cartesian Growth Corporation III.
- This stake represents 5.62% of the Issuer's total 24,000,000 Class A ordinary shares outstanding, as reported in the Issuer's Form 424(b)(4) filed on May 5, 2025.
- The reporting persons, MMCAP International Inc. SPC (Cayman Islands) and MM Asset Management Inc. (Ontario, Canada), hold shared voting and shared dispositive power over these shares.
- The filing, a Schedule 13G, indicates that the shares were acquired for investment purposes and not with the intent to change or influence the control of the issuer.
Sentiment
Score: 5
Explanation: The document is a factual regulatory disclosure of beneficial ownership and does not contain information that would inherently indicate a positive or negative sentiment regarding the company's performance or outlook.
Future Outlook
NA
Management Comments
- The securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11.
Industry Context
This filing indicates a significant passive investment by institutional funds in Cartesian Growth Corporation III, which is a Special Purpose Acquisition Company (SPAC). Such disclosures are routine for institutional investors crossing the 5% ownership threshold in publicly traded entities.
Stakeholder Impact
- Shareholders: The disclosure of a significant institutional stake may be viewed by some as a vote of confidence, although the filing explicitly states the investment is passive and not intended to influence control.
Key Dates
| Date | Description |
|---|---|
| 05/02/2025 | Date of event which required the filing of this statement (acquisition of beneficial ownership). |
| 05/05/2025 | Date the Issuer's Form 424(b)(4) was filed, reporting 24,000,000 Class A ordinary shares outstanding. |
| 05/07/2025 | Date the Schedule 13G was signed and filed. |
Keywords
Cartesian Growth Corporation III, MMCAP International Inc. SPC, MM Asset Management Inc., Schedule 13G, Beneficial Ownership, Class A ordinary shares, SPAC, Institutional Investment
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