Cartesian Growth Corporation II called an Extraordinary General Meeting on November 3, 2025, to vote on extending its deadline to complete an initial business combination from November 5, 2025 to August 5, 2026 and, if needed, to adjourn the meeting to solicit more votes.
Public shareholders may elect to redeem their Class A ordinary shares for cash equal to the funds in the trust account divided by outstanding public shares. Based on the trust balance as of October 17, 2025, the anticipated per‑share redemption price is approximately $12.24. The deadline to submit redemption requests and deliver shares is 5:00 p.m. ET on October 30, 2025. Warrants have no redemption rights and would expire worthless if the company winds up.
The extension requires a Cayman Islands special resolution: at least two‑thirds of votes cast by holders of Class A and Class B shares voting together. The adjournment proposal requires a simple majority of votes cast. The record date is October 10, 2025, with 12,999,712 ordinary shares outstanding (12,999,710 Class A and 2 Class B). If the extension is approved, the company plans a later shareholder vote on a business combination.
Cartesian Growth Corporation II called an Extraordinary General Meeting on November 3, 2025, to vote on extending its deadline to complete an initial business combination from November 5, 2025 to August 5, 2026 and, if needed, to adjourn the meeting to solicit more votes.
Public shareholders may elect to redeem their Class A ordinary shares for cash equal to the funds in the trust account divided by outstanding public shares. Based on the trust balance as of October 17, 2025, the anticipated per‑share redemption price is approximately $12.24. The deadline to submit redemption requests and deliver shares is 5:00 p.m. ET on October 30, 2025. Warrants have no redemption rights and would expire worthless if the company winds up.
The extension requires a Cayman Islands special resolution: at least two‑thirds of votes cast by holders of Class A and Class B shares voting together. The adjournment proposal requires a simple majority of votes cast. The record date is October 10, 2025, with 12,999,712 ordinary shares outstanding (12,999,710 Class A and 2 Class B). If the extension is approved, the company plans a later shareholder vote on a business combination.
Cartesian Growth Corporation II announced it entered into a non-binding Letter of Framework with PLXSUR Limited outlining terms for a potential business combination. The framework memorializes progress and shared objectives but does not obligate either party to proceed.
The company states there is no guarantee it will enter a definitive agreement with PLXSUR or close a transaction by its termination date, which may be extended. Any transaction would require board and stakeholder approvals for both entities, regulatory approvals, and other customary closing conditions.
The company filed a preliminary proxy statement on October 8, 2025, related to its extraordinary general meeting of shareholders, and urges investors to review it and future definitive materials when available.
Cartesian Growth Corporation II announced it entered into a non-binding Letter of Framework with PLXSUR Limited outlining terms for a potential business combination. The framework memorializes progress and shared objectives but does not obligate either party to proceed.
The company states there is no guarantee it will enter a definitive agreement with PLXSUR or close a transaction by its termination date, which may be extended. Any transaction would require board and stakeholder approvals for both entities, regulatory approvals, and other customary closing conditions.
The company filed a preliminary proxy statement on October 8, 2025, related to its extraordinary general meeting of shareholders, and urges investors to review it and future definitive materials when available.