debt
confidence high
sentiment neutral
materiality 0.25
Cartesian Growth Corp II issues $250K promissory note to sponsor CGC II Sponsor LLC
Cartesian Growth Corp II
- Principal $250,000 unsecured, non-interest bearing; due on business combination or winding up.
- Sponsor may convert principal into working capital warrants at $1.00 per warrant upon combination.
- Warrant terms mirror IPO private placement warrants; note exempt from registration under Section 4(a)(2).
- Standard SPAC working capital bridge financing; no interest accrues.