Cartesian Growth II Deploys 8th Extension for $150K

Cartesian Growth II in an 8-K said it approved the eighth of 12 one-month extensions on its deadline to complete a business combination. To cover the extension up to July 10, the SPAC drew and deposited into trust $150,000 from the unsecured promissory note of up to $1.8 million issued to its sponsor.

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.

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