debt
confidence high
sentiment neutral
materiality 0.30
Cartesian Growth Corp II (RENEF): debt financing — Cartesian Growth Corp II issues $250K promissory note to sponsor, convertible into warrants
Cartesian Growth Corp II
- Issued unsecured, non-interest bearing promissory note of $250,000 to sponsor CGC II Sponsor LLC on May 5, 2026.
- Principal due at earlier of initial business combination or winding up; sponsor may convert principal into working capital warrants at $1.00 each.
- Working capital warrants will have same terms as private placement warrants from May 2022 IPO.
- Proceeds to support working capital needs prior to business combination; note subject to customary events of default.