regulatory
confidence high
sentiment negative
materiality 0.80
Cartesian Growth II receives Nasdaq delisting notice for failing to complete business combination by deadline
Cartesian Growth Corp II
- Nasdaq notified on May 6, 2025 that securities will be delisted due to failure to complete initial business combination by May 5, 2025 deadline.
- Trading suspension for Class A shares, warrants, and units to begin at opening on May 13, 2025; company will not appeal.
- Company expects securities to trade on OTC market after delisting; will remain a reporting SEC filer.
- Company states it is working diligently to complete a business combination as soon as practicable.