Cartesian Growth II priced 20 million units in an IPO at $10 per unit. The units begin trading today on the Nasdaq under the symbol RENEU.
The SPAC’s sponsor is an affiliate of Cartesian Capital Group, a global private equity firm specializing in providing growth capital to transnational businesses. The group was founded by Peter Yu, CEO of the SPAC.
Cartesian Growth II in its initial S-1 filing said it would focus on seeking high-growth businesses with proven or potential transnational operations or outlooks.
Each unit consists of one share and one-third of a warrant, exercisable at $11.50 per share. Once the securities begin separate trading, shares and warrants are expected to list under the symbols RENE and RENEW.
Cantor Fitzgerald is sole book-running manager for the offering and Piper Sandler & Co. is co-manager. Read more.
