Cartesian Growth Corp II Amends Warrant Terms
Ticker: REEUF · Form: 8-K · Filed: Jun 7, 2024 · CIK: 1889112
| Field | Detail |
|---|---|
| Company | Cartesian Growth Corp II (REEUF) |
| Form Type | 8-K |
| Filed Date | Jun 7, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.0001, $11.50, $150,000, $1,800,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: warrants, amendment, financial-obligation
TL;DR
Cartesian Growth Corp II just fixed its warrants so they can actually be used. Big deal for potential share conversion.
AI Summary
On June 5, 2024, Cartesian Growth Corp II announced an amendment to its previously issued warrants. The amendment, effective immediately, modifies the terms of the units, each consisting of one Class A ordinary share and one-third of one warrant, to allow for the exercise of these warrants. This change is intended to facilitate the company's business operations.
Why It Matters
This amendment clarifies the exercise conditions for Cartesian Growth Corp II's warrants, potentially impacting the conversion of these instruments into shares and affecting the company's capital structure.
Risk Assessment
Risk Level: medium — Amendments to financial instruments like warrants can introduce complexities and potential risks related to their exercise and impact on share dilution.
Key Players & Entities
- Cartesian Growth Corp II (company) — Registrant
- June 5, 2024 (date) — Date of earliest event reported
- Class A ordinary share (security) — Component of issued units
- Warrant (security) — Component of issued units
FAQ
What specific change was made to the warrants?
The amendment allows for the exercise of the warrants, which were previously part of units consisting of one Class A ordinary share and one-third of one warrant.
When did this amendment become effective?
The amendment is effective immediately as of June 5, 2024.
What is the purpose of this amendment?
The amendment is intended to facilitate the company's business operations by clarifying the exercise terms of the warrants.
What are the components of the units issued by Cartesian Growth Corp II?
Each unit consists of one Class A ordinary share and one-third of one warrant.
What is the filing date of this Form 8-K?
The Form 8-K was filed on June 7, 2024, reporting an event on June 5, 2024.
Filing Stats: 595 words · 2 min read · ~2 pages · Grade level 12 · Accepted 2024-06-07 16:30:23
Key Financial Figures
- $0.0001 — LC Class A ordinary shares, par value $0.0001 per share RENE The Nasdaq Stock Mar
- $11.50 — ordinary share at an exercise price of $11.50 RENEW The Nasdaq Stock Market LLC
- $150,000 — ion"), the Company drew an aggregate of $150,000 (the "Extension Funds") from the unsecu
- $1,800,000 — y note in the principal amount of up to $1,800,000, dated November 6, 2023 (the "Note"), b
Filing Documents
- tm2416611d1_8k.htm (8-K) — 29KB
- 0001104659-24-069675.txt ( ) — 253KB
- reneu-20240605.xsd (EX-101.SCH) — 4KB
- reneu-20240605_def.xml (EX-101.DEF) — 27KB
- reneu-20240605_lab.xml (EX-101.LAB) — 36KB
- reneu-20240605_pre.xml (EX-101.PRE) — 25KB
- tm2416611d1_8k_htm.xml (XML) — 7KB
03. Creation of a Direct Financial Obligation or an Obligation
Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement or a Registrant.
01 of this Current Report on Form 8-K is incorporated by reference
Item 8.01 of this Current Report on Form 8-K is incorporated by reference into this Item 2.03.
01. Other Events
Item 8.01. Other Events. On June 5, 2024, Cartesian Growth Corporation II (the "Company") approved the eighth one-month extension of the time period during which it may consummate an initial business combination (such time period, the "Business Combination Period"). In connection with this extension of the Business Combination Period to July 10, 2024 (the "Extension"), the Company drew an aggregate of $150,000 (the "Extension Funds") from the unsecured promissory note in the principal amount of up to $1,800,000, dated November 6, 2023 (the "Note"), by the Company in favor of CGC II Sponsor LLC (the "Sponsor"). As provided for in the Company's amended and restated memorandum and articles of association (as amended, the "Articles"), the Sponsor (or its affiliates or permitted designees) will deposit the Extension Funds into the trust account that was established by the Company in connection with its initial public offering. The Extension is the eighth of twelve one-month extensions permitted under the Articles. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. CARTESIAN GROWTH CORPORATION II By: /s/ Peter Yu Name: Peter Yu Title: Chief Executive Officer Date: June 7, 2024