debt
confidence high
sentiment neutral
materiality 0.35
Cartesian Growth Corp III issues $150K promissory note to sponsor for working capital
Cartesian Growth Corp III
- Issued unsecured non-interest bearing note of $150,000 to CGC III Sponsor LLC.
- Principal payable upon the earlier of business combination or winding up.
- Sponsor may convert principal into working capital warrants at $1.00 per warrant.
- Warrants have same terms as IPO private placement warrants, including transfer restrictions.
- Note exempt from registration under Section 4(a)(2) of Securities Act.
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