Mon, Mar 31, 8:45 PM (26 days ago)
**Summary of Cartesian Growth Corporation II (Ticker: RENEU)** **Financial Performance:** - **Revenue:** Not applicable, as the company has not generated any revenue to date. - **Net Income:** $8,205,527 for the year ended December 31, 2024, primarily due to interest earned on cash and marketable securities held in the trust account. - **Operating Expenses:** $1,036,627 for the year ended December 31, 2024. **Earnings per Share (EPS):** - **Basic and Diluted EPS (Class A Ordinary Shares subject to possible redemption):** $0.40 for 2024. - **Basic and Diluted EPS (Non-redeemable Class A and Class B Ordinary Shares):** $0.40 for 2024. **Strategic Overview:** - **Business Model:** Cartesian Growth Corporation II is a blank check company incorporated for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. - **Target Focus:** The company focuses on seeking high-growth businesses with proven or potential transnational operations or outlooks to capitalize on the experience, reputation, and network of its management team. - **Initial Public Offering (IPO):** On May 10, 2022, the company consummated the IPO of 23,000,000 units, generating total gross proceeds of $230,000,000. Simultaneously, the company sold 8,900,000 private placement warrants and received a sponsor loan of $4,600,000. **Future Outlook:** - **Business Combination:** The company is seeking to complete an initial business combination within the prescribed time frame. If unsuccessful, public shareholders may receive only approximately $10.30 per share, and warrants will expire worthless. - **Trust Account:** As of December 31, 2024, the company had $84,565,597 in cash and marketable securities held in the trust account, which will be used for the completion of a business combination or redemption of public shares if the company fails to complete a business combination by the extended date. **Risk Factors:** - **Market Risks:** The company faces risks related to market volatility, competition, and the ability to complete a business combination within the required time frame. - **Financial Risks:** The company's ability to complete a business combination and generate future revenues is uncertain, and it may face challenges in raising additional financing if needed. - **Operational Risks:** The company's success depends on the ability of its management team to identify and complete a suitable business combination. **Financial Condition:** - **Liquidity:** The company has sufficient liquidity to meet its obligations over the next year, primarily from the funds held in the trust account. - **Capital Resources:** The company's capital resources are primarily derived from the IPO proceeds and the trust account. The company may seek additional financing if needed to complete a business combination or fund operations. **Market Position Changes:** - **Shareholder Redemptions:** The company has experienced shareholder redemptions, with holders of 8,620,849 Class A ordinary shares redeeming their shares for cash at a redemption price of approximately $11.55 per share, leaving $83,770,196 in the trust account following the second extension charter amendment. - **Trust Account Investments:** The company has moved the funds held in the trust account from U.S. government treasury obligations to an interest-bearing bank demand deposit account to mitigate the risk of being deemed an unregistered investment company. **Note:** The company's financial performance and outlook are subject to significant risks and uncertainties, and investors should carefully consider these factors before making any investment decisions.