Cartesian Growth Corporation II Announces Pricing of $200 Million Initial Public Offering
May 05 2022 - 6:06PM
Cartesian Growth Corporation II (the “Company”) announced today the
pricing of its initial public offering of 20,000,000 units at a
price of $10.00 per unit. The units are expected to commence
trading on May 6, 2022 on the Nasdaq Global Market under the symbol
“RENEU”. The Company’s sponsor is an affiliate of Cartesian Capital
Group, LLC, a global private equity firm specializing in providing
growth capital to transnational businesses.
Each unit consists of one Class A ordinary share
and one-third of one redeemable warrant, with each whole warrant
entitling the holder to purchase one Class A ordinary share at a
price of $11.50 per share. Once the securities comprising the units
begin separate trading, the Class A ordinary shares and warrants
are expected to be listed on the Nasdaq Global Market under the
symbols “RENE” and “RENEW”, respectively.
Cantor Fitzgerald & Co. is serving as the
sole book-running manager for the offering and Piper Sandler &
Co. is acting as co-manager. The underwriters have been granted a
45-day option to purchase up to an additional 3,000,000 units at
the initial public offering price to cover over-allotments, if
any.
The offering is expected to close on or about
May 10, 2022, subject to customary closing conditions.
A registration statement relating to these
securities has been declared effective by the Securities and
Exchange Commission (the “SEC”) on May 5, 2022. The offering is
being made only by means of a prospectus, copies of which may be
obtained by contacting Cantor Fitzgerald & Co., Attention
Capital Markets, 499 Park Avenue, New York, NY 10022, or by e-mail
at prospectus@cantor.com.
This press release shall not constitute an offer
to sell or a solicitation of an offer to buy, nor shall there be
any sale of these securities in any state or jurisdiction in which
such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
About Cartesian Growth Corporation
II
Cartesian Growth Corporation II is a blank check
company organized for the purpose of effecting a merger, share
exchange, asset acquisition, share purchase, or reorganization or
engaging in any other similar business combination with one or more
businesses or entities. The Company is led by Chairman and Chief
Executive Officer, Peter Yu, who is also the Managing Partner of
Cartesian Capital Group, LLC, a global private equity firm and
registered investment adviser headquartered in New York City, New
York. The Company’s acquisition and value-creation strategy is to
identify and combine with an established high-growth company that
can benefit from both a constructive combination and continued
value-creation by the Company’s management. The Company is an
emerging growth company as defined in the Jumpstart Our Business
Startups Act of 2012. For more information about Cartesian
Growth Corporation II, please visit
www.cartesiangrowth.com/cgc2.
Forward-Looking
Statements
This press release includes forward-looking
statements that involve risks and uncertainties. Forward-looking
statements are statements that are not historical facts. Such
forward-looking statements, including with respect to the initial
public offering and the anticipated use of the proceeds thereof,
are subject to risks and uncertainties, which could cause actual
results to differ from the forward-looking statements, including
those set forth in the risk factors section of the registration
statement and preliminary prospectus for the Company’s initial
public offering. Copies of these documents can be accessed through
the SEC’s website at www.sec.gov. No assurance can be given
that the offering discussed above will be completed on the terms
described, or at all, or that the net proceeds of the offering will
be used as indicated. The Company expressly disclaims any
obligations or undertaking to release publicly any updates or
revisions to any forward-looking statements contained herein to
reflect any change in the Company’s expectations with respect
thereto or any change in events, conditions or circumstances on
which any statement is based, except as required by law.
Media Contact:
Cartesian Growth Corporation
IIcontact@cartesiangrowth.com
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