debt
confidence high
sentiment neutral
materiality 0.40
Cartesian Growth Corp II issues $200k promissory note to sponsor, convertible at $1.00/warrant
Cartesian Growth Corp II
- Principal $200,000, non-interest bearing, due upon initial business combination or winding up.
- Sponsor CGC II Sponsor LLC can convert principal into working capital warrants at $1.00 per warrant.
- Warrants terms identical to private placement warrants from May 2022 IPO.
- Customary events of default; no personal liability on company officers or directors.