CGC IV Sponsor reports 7.09M Class B shares
Cartesian Growth Corp IV filed an initial ownership report showing that CGC IV Sponsor LLC directly holds 7,087,500 Class B ordinary shares.
Rhea-AI Filing Summary
Cartesian Growth Corp IV filed an initial ownership report showing that CGC IV Sponsor LLC directly holds 7,087,500 Class B ordinary shares. These Class B shares automatically convert into Class A ordinary shares on a one-for-one basis upon the company’s initial business combination or earlier at the holder’s option.
The holding includes up to 937,500 shares that may be forfeited depending on the IPO underwriters’ over-allotment option. The Sponsor is controlled by Chairman and CEO Peter Yu, who may be deemed to share voting and dispositive power but disclaims beneficial ownership beyond his pecuniary interest.
Positive
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Negative
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class B ordinary shares | -- | -- | -- |
Footnotes (3)
- F1. The Class B ordinary shares of Cartesian Growth Corporation IV (the "Issuer") have no expiration date and will automatically convert into Class A ordinary shares concurrently with or immediately following the consummation of the Issuer's initial business combination, or earlier at the option of the holder, on a one-for-one basis, subject to adjustment, as described in the Registration Statement on Form S-1 (File No. 333-296614) (the "Registration Statement") related to the Issuer's initial public offering (the "IPO").
- F2. Includes up to 937,500 shares subject to forfeiture by CGC IV Sponsor LLC (the "Sponsor") depending on the extent to which the IPO underwriters' over-allotment option is exercised, as described in the Registration Statement.
- F3. Represents 7,087,500 shares held directly by the Sponsor. CGC IV Sponsor Manager LLC is the sole member of the Sponsor and is controlled by Peter Yu. Consequently, Mr. Yu may be deemed to share voting and dispositive control over the securities held by the Sponsor, and thus to share beneficial ownership of such securities. Mr. Yu disclaims beneficial ownership of such securities except to the extent of its or his pecuniary interest therein.
Key Figures
Key Terms
initial business combination financial
over-allotment option financial
beneficial ownership financial
FAQ
What insider ownership does Cartesian Growth Corp IV (CGCFU) report on this Form 3?
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