Cartesian Growth Corp II Amends Warrant Terms

TL;DR

Cartesian Growth Corp II just changed its warrant terms, adding a redemption feature effective July 3rd.

AI Summary

On July 3, 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 include a redemption feature. This change impacts the company's outstanding warrants and their associated Class A ordinary shares.

Why It Matters

This amendment could affect the rights and potential value for warrant holders and shareholders by introducing a redemption feature to the company's outstanding warrants.

Risk Assessment

Risk Level: medium — Amendments to financial instruments like warrants can introduce new risks or alter existing ones for both the company and its investors, potentially impacting share price and future dilution.

Key Players & Entities

• Cartesian Growth Corp II (company) — Registrant
• July 3, 2024 (date) — Effective date of amendment
• Class A ordinary share (security) — Component of units
• Warrant (security) — Component of units

FAQ

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

• tm2419143d1_8k.htm (8-K) — 29KB
• 0001104659-24-078567.txt ( ) — 253KB
• reneu-20240703.xsd (EX-101.SCH) — 4KB
• reneu-20240703_def.xml (EX-101.DEF) — 27KB
• reneu-20240703_lab.xml (EX-101.LAB) — 36KB
• reneu-20240703_pre.xml (EX-101.PRE) — 25KB
• tm2419143d1_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 July [], 2024, Cartesian Growth Corporation II (the "Company") approved the ninth 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 August 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 ninth 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: July 9, 2024

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View this 8-K filing on SEC EDGAR