debt
confidence high
sentiment neutral
materiality 0.20
Cartesian Growth Corp II issues $250K promissory note to sponsor, convertible into warrants
Cartesian Growth Corp II
- Issued $250,000 unsecured promissory note to CGC II Sponsor LLC on Dec 16, 2024.
- Note bears no interest; principal due upon business combination or winding up.
- Sponsor may convert principal into working capital warrants at $1.00 per warrant.
- Warrants have same terms as private placement warrants from May 2022 IPO.
- Funds support working capital needs prior to initial business combination.