secwatch / observer
8-K filed November 7, 2023, 6:59 PM ET ticker RENEF CIK 0001889112
other material confidence high sentiment negative materiality 0.65

Cartesian Growth Corp II (RENEF): debt financing — Cartesian Growth II extends deadline to Nov 2024; ~$77M in redemptions from trust

Cartesian Growth Corp II

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Cartesian Growth Corp II incurred loan of up to $1,800,000 with CGC II Sponsor LLC maturing date of the consummation of the Company's initial business combination.

Instrument
loan
Principal
up to $1,800,000
Counterparty
CGC II Sponsor LLC
Maturity
date of the consummation of the Company's initial business combination
Event
incurrence
Exact text from the filing
issued an unsecured promissory note in the aggregate amount of up to $1,800,000 (the “Note”) to CGC II Sponsor LLC (the “Sponsor”).
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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Cartesian Growth Corp II: Extended the deadline to consummate a business combination from November 10, 2023 to up to November 10, 2024 via monthly extensions (effective 2023-11-06).

Change
charter amendment
Effective
2023-11-06
Exact text from the filing
the shareholders approved the proposal to amend the Company’s Charter (the “Charter Amendment”), to extend the date by which the Company has to consummate a business combination for an additional twelve months, from November 10, 2023 (the “Termination Date”) to up to November 10, 2024
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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Cartesian Growth Corp II shareholders approved Approval of Charter Amendment to extend business combination deadline at the 2023-11-06 meeting.

Proposal
charter amendment
Outcome
passed
Meeting
2023-11-06
Exact text from the filing
The shareholders approved the proposal to amend the Company’s Charter (the “Charter Amendment”), to extend the date by which the Company has to consummate a business combination for an additional twelve months, from November 10, 2023 (the “Termination Date”) to up to November 10, 2024, by electing to extend the date to consummate an initial business combination on a monthly basis for up to twelve times by an additional one month each time after the Termination Date, until November 10, 2024 or a total of up to twelve months after the Termination Date, or such earlier date as determined by the Company’s board of directors (the “Board”), unless the closing of the Company’s initial business combination shall have occurred, which we refer to as the “Extension,” and such later date, the “Extended Date”, provided that the Sponsor (or its affiliates or permitted designees) will deposit into a trust account established for the benefit of the Company’s public shareholders (the “Trust Account”) a
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Cartesian Growth Corp II filing history →

Source: SEC EDGAR
accession 0001104659-23-115218
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