Cartesian Growth Corp III (NASDAQ:CGCTU) Stock Price Down 1.3% – Here’s Why

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

Cartesian Growth Corp III Trading Down 1.3%

Institutional Investors Weigh In On Cartesian Growth Corp III

A hedge fund recently bought a new stake in Cartesian Growth Corp III stock. OMERS ADMINISTRATION Corp acquired a new stake in Cartesian Growth Corp III (NASDAQ:CGCTU) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 12,060 shares of the company’s stock, valued at approximately $129,000.

About Cartesian Growth Corp III

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.