secwatch.observer — SEC 8-K summary
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Issuer:     Cartesian Growth Corp II (RENEF)
CIK:        0001889112
Form:       8-K
Filed at:   2024-11-08T23:59:59+00:00
Accession:  0001104659-24-115936
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 1.01, 2.03, 5.03, 5.07, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cartesian Growth II extends deadline to Nov 2025; $99.6M redeemed, trust drops to $83.8M
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- Shareholders approved extension of business combination deadline from Nov 10, 2024 to up to Nov 5, 2025 via monthly extensions.
- Sponsor deposited $150k for first month extension; will pay $150k-$250k per month depending on period.
- Holders of 8,620,849 shares redeemed at ~$11.55/share for total $99.6M; trust now holds $83.8M.
- Shareholders eliminated the $5M net tangible assets redemption limitation.
- Sponsor issued up to $2.4M extension note and $250k working capital note, both unsecured, non-interest bearing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1889112/000110465924115936/0001104659-24-115936-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1889112/000110465924115936/tm2427772d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-115936

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer