- Business
- Cartesian Growth Corporation II operates as a special purpose acquisition company, or SPAC, established with the singular objective of completing a business combination such as a merger, share exchange, asset acquisition, or reorganization with one or more suitable entities. Formed in October 2021, the company successfully completed its initial public offering in May 2022, raising $230 million to pursue its acquisition strategy focused on identifying high-growth businesses that can benefit from public market access and its management team's expertise. Sponsored by an affiliate of Cartesian Capital Group LLC, the New York-based firm has undergone multiple extensions for its business combination deadline, with its securities subsequently transitioning from Nasdaq to the OTC Pink market in July 2025.