other material
confidence high
sentiment neutral
materiality 0.50
Cartesian Growth II extends business combination deadline to Oct 10, 2024, draws $150K from sponsor
Cartesian Growth Corp II
- Approved ninth one-month extension of Business Combination Period to October 10, 2024.
- Drew $150,000 from unsecured promissory note (up to $1.8M) with sponsor CGC II Sponsor LLC.
- Sponsor will deposit Extension Funds into trust account; eleventh of twelve allowed extensions.
- Extension maintains SPAC's ability to consummate an initial business combination.