debt
confidence high
sentiment neutral
materiality 0.50
Cartesian Growth Corp II issues $250K unsecured note to sponsor for working capital
Cartesian Growth Corp II
- Promissory note of $250,000 issued to CGC II Sponsor LLC, with no interest and principal due at initial business combination or winding up.
- Sponsor may convert principal into Working Capital Warrants at $1.00 per warrant, with terms identical to IPO private placement warrants.
- Proceeds provide additional working capital to fund operations until a business combination is completed.
- Issuance exempt from registration under Section 4(a)(2) of the Securities Act of 1933.