other
confidence high
sentiment neutral
materiality 0.40
Cartesian Growth Corp II extends business combination deadline to Feb 10, 2024; draws $150K from sponsor note
Cartesian Growth Corp II
- Third of twelve permitted one-month extensions; new deadline is February 10, 2024.
- Drew $150,000 from unsecured promissory note ($1.8M principal) with Sponsor CGC II Sponsor LLC.
- Sponsor will deposit extension funds into the trust account established for the IPO.
- Extension approved on January 8, 2024; company is a SPAC seeking an initial business combination.