Cartesian Growth II said it approved a one-month extension on its merger deadline to May 10 and drew down $150,000 from an unsecured promissory note of $1.8 million from the sponsor to deposit into trust for the extra time.
The extension is the sixth of 12 monthly extensions availabe to the SPAC.
Cartesian Growth II raised $230 million nearly 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.
