New York, NY, May 10, 2022 (GLOBE NEWSWIRE) — Cartesian Growth Corporation II (the “Company”) today announced the closing of its initial public offering of 23,000,000 units, of which 3,000,000 are units following the exercise of – allocation options. The offering was priced at $10.00 per unit, generating total gross proceeds of $230,000,000. The corporate sponsor is a subsidiary of Cartesian Capital Group, LLC, a global private equity firm specializing in providing growth capital to transnational corporations.
The Units are listed on the Nasdaq Global Market and trade under the symbol “RENEU”. Each unit consists of one Class A common share of the Corporation and one-third of a redeemable warrant. Each whole warrant entitles its holder to purchase one Class A common share at a price of $11.50 per share. Once the securities comprising the units begin trading separately, the Company expects its Class A common stock and warrants to trade on the Nasdaq Global Market under the symbols “RENE” and “RENEW”. , respectively.
Cantor Fitzgerald & Co. acted as sole bookkeeper for the offering and Piper Sandler & Co. acted as co-manager.
The public offering was made only by means of a prospectus. Copies of the offering prospectus may be obtained from Cantor Fitzgerald & Co., Attention Capital Markets, 499 Park Avenue, New York, NY 10022, or by e-mail at [email protected].
The registration statements relating to the securities are effective May 5, 2022. This press release does not constitute an offer to sell or the solicitation of an offer to buy, and there will be no sale of these securities. in any state or jurisdiction in which the offer, solicitation or sale of such securities would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.
About Cartesian Growth Corporation II
Cartesian Growth Corporation II is a blank check corporation organized for the purpose of effecting a merger, stock exchange, asset acquisition, stock purchase or reorganization or to engage in any other consolidation similar businesses with one or more businesses or entities. The company is led by Chairman and Chief Executive Officer, Peter Yu, who is also Managing Partner of Cartesian Capital Group, LLC, a global private equity firm and registered investment adviser headquartered in New York, New York. The Company’s acquisition and value creation strategy is to identify and partner with an established, high-growth company that can benefit from both constructive combination and continued value creation by management. of the society. The company is an emerging growth company as defined in the Jumpstart Our Business Startups Act of 2012. For more information about Cartesian Growth Corporation II, please visit www.cartesiangrowth.com/cgc2.
Forward-looking statements
This press release contains statements that constitute “forward-looking statements”, including with respect to the proposed initial public offering and the intended use of the net proceeds thereof. There can be no assurance that the net proceeds of the offering will be used as stated. Forward-looking statements are subject to numerous conditions, many of which are beyond the Company’s control, including those set forth in the Risk Factors section of the Company’s registration statement and prospectus for the Company’s offering filed with of the United States Securities and Exchange Commission (the second”). Copies of these documents are available on the SEC’s website, www.sec.gov. The Company assumes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Media Contact:
Cartesian Growth Society II
[email protected]
