Cartesian Growth Corporation priced its IPO of 30 million units, upsized from 25 million units, at $10 each.
Units begin trading today on the Nasdaq under GLBLU. Each consists of one Class A ordinary share and one-third of one redeemable warrant, with each whole warrant entitling the holder to purchase a Class A ordinary share at $11.50. Once the securities comprising the units begin separate trading, shares and warrants are expected to list under GLBL and GLBLW, respectively.
Cartesian plans to target high-growth companies in any sector.
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 offering is expected to close Feb. 26. Read more.
