K2 Principal Fund L.P. Acquires Shares of 250,000 Cartesian Growth Corp III $CGCT

K2 Principal Fund L.P. acquired a new stake in shares of Cartesian Growth Corp III (NASDAQ:CGCT – Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 250,000 shares of the company’s stock, valued at approximately $2,575,000. K2 Principal Fund L.P. owned approximately 0.72% of Cartesian Growth Corp III as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Highbridge Capital Management LLC bought a new stake in Cartesian Growth Corp III during the 4th quarter valued at approximately $20,580,000. UBS Group AG boosted its position in Cartesian Growth Corp III by 264.9% during the 4th quarter. UBS Group AG now owns 215,841 shares of the company’s stock valued at $2,222,000 after acquiring an additional 156,697 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of Cartesian Growth Corp III during the fourth quarter valued at approximately $1,030,000. L1 Global Manager Pty Ltd purchased a new position in shares of Cartesian Growth Corp III during the fourth quarter valued at approximately $2,059,000. Finally, Harraden Circle Investments LLC purchased a new position in shares of Cartesian Growth Corp III during the fourth quarter valued at approximately $3,124,000.

Cartesian Growth Corp III Stock Down 11.2%

CGCT stock opened at $15.33 on Friday. The firm’s 50 day simple moving average is $11.25. Cartesian Growth Corp III has a 52-week low of $9.26 and a 52-week high of $15.30. The stock has a market capitalization of $528.89 million and a price-to-earnings ratio of 63.88.

Cartesian Growth Corp III (NASDAQ:CGCT – Get Free Report) last released its earnings results on Friday, May 15th. The company reported $0.05 earnings per share (EPS) for the quarter. The business had revenue of $2.49 million for the quarter.

About Cartesian Growth Corp III

(Free Report)

Cartesian Growth Corp III (NASDAQ: CGCT) is a special purpose acquisition company (SPAC), commonly referred to as a blank-check company, that is listed on the Nasdaq stock exchange. As a SPAC, Cartesian Growth Corp III was formed to raise capital through an initial public offering with the objective of identifying, negotiating and completing one or more business combinations or acquisitions. The company itself does not operate an ongoing commercial business prior to completing a business combination.

The company’s principal activities center on sourcing potential acquisition targets, conducting due diligence, arranging transaction financing and completing a business combination that would result in an operating public company.

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