Cartesian Growth II uses final SPAC deadline extension
Cartesian Growth Corporation II approved the twelfth one-month extension of the period in which it may complete an initial business combination, moving the deadline to November 5, 2025.
Rhea-AI Filing Summary
Cartesian Growth Corporation II approved the twelfth one-month extension of the period in which it may complete an initial business combination, moving the deadline to November 5, 2025. This is the twelfth and final one-month extension allowed under its amended and restated memorandum and articles of association.
To fund this extension, the company drew $250,000 of “Extension Funds” under an unsecured promissory note with a principal amount of up to $2,400,000 dated November 6, 2024, in favor of CGC II Sponsor LLC. The sponsor or its affiliates or permitted designees will deposit these Extension Funds into the trust account established in connection with the company’s initial public offering.
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8-K Event Classification
FAQ
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What did Cartesian Growth Corporation II (REEUF) announce in this 8-K?
How is Cartesian Growth Corporation II funding the latest extension?
Where will the $250,000 Extension Funds be held for Cartesian Growth Corporation II (REEUF)?
Is this the final extension of the business combination period for Cartesian Growth Corporation II?
What is the role of CGC II Sponsor LLC in this Cartesian Growth Corporation II (REEUF) extension?
Which securities of Cartesian Growth Corporation II are listed on Nasdaq?
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