Cartesian Growth Corp II

Cartesian Growth Corp II is a special purpose acquisition company, or blank check company, formed in the Cayman Islands to complete a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination. It does not operate a commercial business of its own and has not generated operating revenue to date. Instead, it is searching for a target company, with management indicating a preference for high-growth businesses that have proven or potential transnational operations. Its value proposition is the sponsor team’s ability to source, evaluate, and execute a transaction that can create value after the combination closes.

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— Cartesian Growth Corp II
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SPAC formation and capital vehicle100% The company provides a listed blank check structure that holds IPO proceeds in trust while it searches for a target.
Business combination execution0% This includes sourcing, negotiating, and closing a merger or similar transaction with a private operating company.
Transaction support and diligence0% The company uses sponsor, legal, and advisory resources to evaluate targets and complete the acquisition process.

Cartesian Growth Corp II does not sell products or services to end customers in the normal operating sense...

  • Target operating companiesprimary

    Private businesses that may combine with the SPAC to access public capital and a listed platform, especially high-growth companies with cross-border potential.

  • Target shareholdersprimary

    Owners of the acquired business who receive cash, stock, or a mix of consideration in the business combination.

  • Public SPAC investorsprimary

    IPO investors and warrant holders who provide the capital base and expect value creation from a successful transaction.

  • Sponsors and financing partnerssecondary

    The sponsor and related financing sources that support extensions, expenses, and transaction execution.

The company is incorporated in the Cayman Islands, but its securities and investor base are tied to the United States...

  • •Incorporated in the Cayman Islands
  • •Operates as a U.S.-market-listed SPAC
  • •No operating revenue geography yet because no deal has closed
  • •Management is targeting businesses with transnational operations
  • •Nasdaq delisting increases U.S. market access and liquidity risk

The company’s strategy is to identify and complete an initial business combination with one or more businesses, rather...

01
Identify and close a suitable business combinationshort-term

The company has no operating business until a transaction is completed, so execution is the core value driver.

02
Focus on high-growth, transnational targetsshort-term

Management believes these businesses better fit its network and may offer stronger post-close upside.

03
Maintain transaction funding and extension capacityshort-term

Sponsor deposits and trust-account mechanics help extend the search period and support closing costs.

The company’s main risk is that it may fail to complete a business combination before required deadlines, which could...

critical

Failure to complete a business combination on time

The company exists solely to close a transaction, so missing the deadline could force liquidation or other value-destructive outcomes.

Scope
Entire business model
Materiality
high
high

Nasdaq delisting and reduced market liquidity

The securities were delisted due to failure to complete a business combination within the required period, which can limit trading, coverage, and financing access.

Scope
Class A ordinary shares, warrants, and units
Materiality
high
high

Penny stock and state securities regulation risk

After delisting, the securities may be subject to penny stock rules and state-level restrictions that can reduce investor participation.

Scope
Secondary market trading
Materiality
medium
medium

Transaction and public-company expense burn

Legal, accounting, auditing, and diligence costs continue while the company searches for a target, reducing available capital.

Scope
Trust account and outside cash
Materiality
medium
Fair value measurement of warrant liabilities
Can create significant quarterly volatility
Convertible promissory note valuation
Affects earnings and balance sheet classification
Deferred underwriting commission
Impacts transaction economics and closing cash
Contingent legal and advisory fees
Relevant to liquidity and acquisition cost

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: 28/04/2026