Cartesian Growth Corp IV (CGCF) reported $2,340,245 of net income for the three months ended September 30, 2026. This included $2,538,861 of interest on Trust Account investments and a $65,600 gain from expiration of the over-allotment option liability, offset by a $264,216 operating loss. The company has not selected a business-combination target and has not generated operating revenue.
At September 30, the Trust Account held $277,342,988; cash outside it was $56,598, and the company had a $95,981 working-capital deficit. During the quarter, it withdrew $250,000 of trust interest for working capital and repaid $250,000 of the Sponsor Loan. Management said funds outside the Trust Account are insufficient for the next 12 months and that liquidity raises substantial doubt about the company’s ability to continue as a going concern for at least one year from issuance. It expects significant costs pursuing a combination.
The June 26 IPO sold 27,500,000 units at $10.00 each, generating $275,000,000 in gross proceeds and placing $275,000,000 in the Trust Account. The company’s completion window is 24 months from closing, subject to an earlier date approved by the board or a different period approved by shareholders.