debt
confidence high
sentiment neutral
materiality 0.30
Cartesian Growth Corp II issues $250K promissory note to sponsor for working capital
Cartesian Growth Corp II
- Issued $250K unsecured promissory note to CGC II Sponsor LLC with no interest, due at business combination or winding up.
- Sponsor may convert principal into working capital warrants at $1.00 per warrant, terms identical to IPO private placement warrants.
- Proceeds to fund working capital; repayment from trust account upon business combination.
- Customary events of default trigger acceleration; trust account waiver by sponsor included.
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