STOCK TITAN

LMR group (CGCFU) discloses 1.75M-share position and warrants in Cartesian Growth

(Moderate)
(Neutral)
Form Type
SCHEDULE 13G

Rhea-AI Filing Summary

LMR-managed funds report beneficial ownership of 1,750,000 Class A ordinary shares of Cartesian Growth Corp IV, equal to 6.4% of the class, as of June 30, 2026, based on 27,500,000 shares outstanding as of June 26, 2026.

The shares are held through LMR Multi-Strategy Master Fund Limited and LMR CCSA Master Fund Ltd, which each bought 875,000 units in the SPAC’s IPO. Each unit includes one share and one-third of a redeemable warrant, giving each fund 291,666 warrants exercisable at $11.50 per share after the initial business combination.

Positive

  • None.

Negative

  • None.
Shares beneficially owned 1,750,000 Class A ordinary shares Beneficially owned in aggregate by the reporting persons as of June 30, 2026
Ownership percentage 6.4% Percentage of outstanding Class A ordinary shares represented by LMR Shares
Shares outstanding 27,500,000 Class A ordinary shares Issuer’s outstanding Class A ordinary shares as of June 26, 2026
Units per fund 875,000 units Units acquired by each of LMR Master Fund and LMR CCSA Master Fund in the IPO
Warrants per fund 291,666 warrants Warrants to purchase Class A shares held by each fund via IPO units
Warrant exercise price $11.50 per Class A Ordinary Share Exercise price of redeemable warrants held by the LMR funds
Report date June 30, 2026 Date as of which ownership information is stated for voting and dispositive power
beneficially owned financial
"The Class A Ordinary Shares beneficially owned by the Reporting Persons are directly held"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
shared voting power financial
"each of the Reporting Persons had shared power to vote or direct the vote of 1,750,000"
Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.
redeemable warrant financial
"each Unit consisting of one Class A ordinary share and one-third of one redeemable warrant"
A redeemable warrant is a financial tool that gives its holder the right to buy shares of a company at a fixed price within a certain period. If the holder chooses to do so, the company can buy back or cancel the warrant before it expires, often to encourage investment or manage share issuance. For investors, it provides an option to potentially buy shares at a favorable price while offering some flexibility for the issuing company.
initial business combination financial
"warrants to purchase 291,666 Class A Ordinary Shares ... exercisable 30 days after the completion of the Issuer's initial business combination"
An initial business combination is the deal in which a special-purpose acquisition company (SPAC) merges with or acquires an operating business to bring that business onto public markets. Think of the SPAC as an empty shell that raises money from investors, then uses that cash to buy a private company—this transaction turns the private company into a public one and often changes its ownership, valuation, and access to capital, so investors should watch for shifts in risk, future growth prospects, and shareholder rights.
Schedule 13D regulatory
"information that would otherwise be disclosed in a Schedule 13D"
A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.

FAQ

What stake in Cartesian Growth Corp IV (CGCFU) do LMR funds report?

LMR-managed funds report beneficial ownership of 1,750,000 Class A ordinary shares of Cartesian Growth Corp IV, representing 6.4% of the outstanding Class A shares, based on 27,500,000 shares outstanding as of June 26, 2026.

How did LMR’s funds acquire their CGCFU Class A ordinary shares?

LMR Master Fund and LMR CCSA Master Fund each acquired 875,000 units in Cartesian Growth Corp IV’s IPO. Each unit consists of one Class A ordinary share and one-third of a redeemable warrant, giving each fund 875,000 shares directly.

What percentage of CGCFU does each LMR fund individually hold?

Each of LMR Master Fund and LMR CCSA Master Fund holds 875,000 Class A shares, representing approximately 3.2% of Cartesian Growth Corp IV’s outstanding Class A ordinary shares, using the company’s reported total of 27,500,000 shares.

What warrants tied to CGCFU do LMR funds hold and on what terms?

Each LMR fund directly holds warrants to purchase 291,666 Class A shares of Cartesian Growth Corp IV, with an exercise price of $11.50 per share. The warrants become exercisable 30 days after the SPAC’s initial business combination and expire five years thereafter.

Who controls voting and investment decisions for LMR’s CGCFU holdings?

The LMR Investment Managers entities serve as investment managers to the funds holding CGCFU, while Ben Levine and Stefan Renold are ultimately in control of investment and voting decisions regarding these securities, acting collectively as the reporting persons.

What voting and dispositive power do the LMR reporting persons have over CGCFU shares?

As of June 30, 2026, each reporting person had 0 shares with sole voting or dispositive power and 1,750,000 shares with shared voting and shared dispositive power, reflecting coordinated control over the CGCFU position across the LMR-managed funds.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates





G19316127

(CUSIP Number)
06/30/2026

(Date of Event Which Requires Filing of this Statement)


Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)




schemaVersion:


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LMR Partners LLP
Signature:Shane Cullinane
Name/Title:Chief Operating Officer
Date:08/14/2026
LMR PARTNERS Ltd
Signature:Shane Cullinane
Name/Title:Chief Operating Officer
Date:08/14/2026
LMR Partners LLC
Signature:Allyson Hanlon
Name/Title:Deputy General Counsel
Date:08/14/2026
LMR Partners AG
Signature:Shane Cullinane
Name/Title:Chief Operating Officer
Date:08/14/2026
LMR PARTNERS (DIFC) Ltd
Signature:Shane Cullinane
Name/Title:Chief Operating Officer
Date:08/14/2026
LMR Partners (Ireland) Limited
Signature:Shane Cullinane
Name/Title:Chief Operating Officer
Date:08/14/2026
Ben Levine
Signature:Ben Levine
Name/Title:Self
Date:08/14/2026
Stefan Renold
Signature:Stefan Renold
Name/Title:Self
Date:08/14/2026