other
confidence high
sentiment neutral
materiality 0.55
Cartesian Growth Corp II extends deadline to Sept 10, 2024; draws $150K from sponsor note
Cartesian Growth Corp II
- Tenth one-month extension approved to September 10, 2024, for initial business combination.
- Drew $150,000 from unsecured promissory note (up to $1.8M) from sponsor CGC II Sponsor LLC.
- Extension funds deposited into trust account established from IPO.
- Extension is tenth of twelve allowed one-month extensions under the Articles.
- Company must complete business combination by extended date or face liquidation.