Cartesian Growth Corp. has offered holders of the units sold in the company’s initial public offering the option to separately trade shares of the company’s Class A ordinary shares and warrants included in the units.
Any units not separated will continue to trade on the Nasdaq Capital Market and trade under the ticker symbol “GLBLU.,” and the Class A ordinary shares and warrants that are separated will trade on Nasdaq under the symbols “GLBL” and “GLBLW,” respectively. Each holder of units will need to have its broker contact Continental Stock Transfer & Trust Company, the company’s transfer agent, in order to separate the units into Class A ordinary shares and warrants.
Cartesian Growth Corp. is a blank check company organized for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock 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 CEO, 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.
Cantor Fitzgerald & Co. served as sole book-running manager for the IPO.