Cartesian Growth II said it approved the seventh of 12 one-month extensions to complete an initial business combination. To cover the additional time, the company drew $150,000 from the $1.8 million unsecured promissory note it secured from its sponsor in November.
Cartesian Growth II raised $230 million two years ago to focus on seeking high-growth businesses with proven or potential transnational operations or outlooks. The SPAC has not yet announced a deal. Read more.
