Cartesian Growth Corp III (NASDAQ:CGCTU) Shares Down 1.3% – What’s Next?

Shares of Cartesian Growth Corp III (NASDAQ:CGCTU) fell 1.3% during mid-day trading on Thursday . The stock traded as low as $10.65 and last traded at $10.65. 100 shares changed hands during mid-day trading, a decline of 97% from the average session volume of 3,630 shares. The stock had previously closed at $10.79.

Cartesian Growth Corp III Trading Down 1.3%

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Cartesian Growth Corp III stock. OMERS ADMINISTRATION Corp bought a new position in shares of Cartesian Growth Corp III (NASDAQ:CGCTU) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 12,060 shares of the company’s stock, valued at approximately $129,000.

Cartesian Growth Corp III Company Profile

Cartesian Growth Corp III (NASDAQ: CGCTU) is a special purpose acquisition company (SPAC), also known as a blank-check company, whose principal purpose is to identify, acquire, or merge with operating businesses. As a SPAC, it does not currently conduct commercial operations of its own; instead its business activity centers on sourcing and completing a business combination transaction that would result in a combined operating public company. The NASDAQ listing under the symbol CGCTU reflects units that typically comprise common shares and associated rights such as warrants.

The company’s investment mandate, sector focus and geographic targets are set out in its offering documents and SEC filings.