Cartesian Growth Corporation II is a Cayman Islands exempted company acting as a blank check company focused on executing business combinations with high-growth, transnational businesses.

# Company Summary

**Company Name:** Cartesian Growth Corporation II

**Legal Structure:** Cayman Islands exempted company

## Business Focus
- A **blank check company** formed to execute a **business combination** such as merger, share exchange, asset acquisition, share purchase, or reorganization with one or more target businesses.
- Initially focused on seeking **high-growth, transnational businesses** with proven or potential global operations.
- Aims to identify companies where management can add value through ongoing growth and strategic development post-acquisition.

## Operations
- Has not engaged in any operational activities or generated revenue to date, aside from organizational activities and preparation for its initial public offering (IPO).

## Financials
- **Number of Customers:** Not applicable (no operational business or revenue-generating activities yet).
- **Employees:** No full-time employees prior to initial business combination; management team consists of a small group of officers and directors.
- **Revenue:** None reported; only interest income earned on trust account securities.
- **Net Income (2024):** $8,205,527
  - Key components: Change in fair value of warrant liabilities ($918,166), change in fair value of related-party convertible promissory note ($196,947), and interest earned on cash and securities in trust ($8,127,041).
- **Net Income (2023):** $11,441,040
  - Similar components as 2024: Fair value adjustments on warrant liabilities and promissory notes, with interest income from trust account securities.
- **Liquidity:** As of December 31, 2024, the trust account held **$84,565,597** including interest income, with additional $236,700 in cash outside the trust for working capital.
- **Off-balance sheet obligations:** None as of December 31, 2024.
- **Contractual obligations:** Office space and administrative services cost approximately $10,000 per month; no long-term debt obligations.

## Key Activities
- **Preparation for initial public offering:** Raised $230 million through issuance of 23 million units at $10.00 each.
- **Private warrants:** Sold 8.9 million private warrants at $1.00 each, exercisable for shares at $11.50.
- **Sponsor loan:** Borrowed $4.6 million at IPO closing, intended to be repaid or converted into warrants.
- **Business strategy:** Focused on acquiring high-growth, transnational companies with proven or promising models, strong management, and supportive of responsible investment principles.
- **No current operations:** Has not yet identified or completed a business acquisition or operational activity.

## Future Plans
- Planning to use funds from IPO, private warrants, and sponsor loans for mergers or acquisitions.
- Intends to seek high-growth businesses with international operations, strong management, and supportive of responsible investment standards.

## Summary
- No revenue or operational business currently.
- Generated approximately $8.2 million in net income in 2024 primarily from fair value adjustments and interest income.
- Holds significant cash in trust ($84.5 million) to fund future business combinations.
- No full-time employees and limited management team.
- Focused on identifying suitable high-growth, transnational target companies for business combination.

A blank check company incorporated in the Cayman Islands focused on merging with high-growth businesses leveraging an experienced management team.

# Summary of Company Operations

## Company Overview
The company is a blank check company incorporated as a Cayman Islands exempted company, primarily formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, or reorganization with one or more businesses or entities. The term "initial business combination" refers to the first significant business transaction the company will undertake post-IPO.

## Business Focus
- **Target Sector**: The company has initially focused on seeking high-growth businesses with proven or potential transnational operations. It intends to leverage the experience, reputation, and network of its management team to drive ongoing value creation after an initial business combination.
- **Investment Strategy**: The acquisition strategy is to combine with established high-growth firms that can benefit from the expertise of the management team, which has extensive experience across a wide range of sectors and geographical locations.

## Financial Summary
- **Initial Public Offering (IPO)**: 
  - Date: May 10, 2022
  - Total Gross Proceeds: $230,000,000 from 23 million units issued, including full exercise of the over-allotment option. 
  - Additional Private Placement: $8,900,000 from the sale of 8.9 million private placement warrants.
  - Sponsor Loan: $4,600,000 at no interest, with repayment terms contingent on the company's performance.

- **Trust Account**: Approximately $174.3 million was held in the trust account as of December 31, 2023, which includes about $300,000 in Extension Payments following shareholder redemptions.

## Management Team and Staffing
- **Employees**: The company currently has two executive officers. The team has extensive combined experience in private equity and investment management.
- **Management Affiliations**: The sponsor is affiliated with Cartesian Capital Group, LLC, which manages over $3 billion in capital and has a team of 23 professionals with over 300 years of international private equity experience.

## Customers, Revenue, and Income
- **Customers**: Detailed information regarding the number of customers is not disclosed, as the company does not yet have an operational business, having not completed any acquisitions.
- **Revenue**: As a blank check company without any operational history and revenue generation capabilities, the company has no revenue. 
- **Income**: There is no declared net income because the company is in the initial stages of operation and has not executed any initial business combination.

## Future Plans
The company intends to:
- Identify and complete business combinations with companies that demonstrate high-growth potential.
- Drive continued operational improvement and value creation post-acquisition.
- Engage in strategic partnerships leveraging its management team's network and experience.

Overall, the company's model is centered around finding high-potential growth businesses and leveraging its management's expertise to create shareholder value through proactive governance and effective operational strategies.

Cartesian Growth Corp II

10-K / March 31, 2025

10-K / March 20, 2024

10-K / March 31, 2025

Company Summary

Business Focus

Operations

Financials

Key Activities

Future Plans

Summary