Cartesian Growth Corp II closes $230M IPO; $236.9M placed in trust

Cartesian Growth Corp II

Sold 23M units at $10.00 each, including full exercise of 3M-unit overallotment; gross proceeds $230M.
Private placement of 8.9M warrants at $1.00 each raised $8.9M; Sponsor loan of $4.6M convertible into warrants at $1.00.
Net proceeds of $236.9M ($10.30 per unit) deposited in trust account for future business combination.
Each unit consists of one Class A ordinary share and one-third of one warrant exercisable at $11.50 per share.
Company must complete initial business combination within 18 months or liquidate trust for public shareholders.

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