debt
confidence high
sentiment neutral
materiality 0.20
Cartesian Growth Corp II issues $150,000 no-interest note to sponsor, convertible into warrants at $1.00
Cartesian Growth Corp II
- $150,000 unsecured promissory note issued Oct 12, 2026 to CGC II Sponsor LLC; bears no interest and may be prepaid at any time.
- Principal payable on the earlier of closing of the initial business combination or the effective date of the Company's winding up.
- Sponsor may convert principal into Working Capital Warrants at $1.00 per warrant, rounded up; terms identical to May 5, 2022 IPO private placement warrants.
- Note carries customary events of default, some of which automatically accelerate the unpaid principal balance to immediately due and payable.
- Sponsor waives claims against the IPO/private placement trust account; principal to be repaid from trust proceeds released at deal closing.