Cartesian Growth Corp II: issues $150,000 promissory note

What happened Cartesian Growth Corp II filed an 8-K on Oct 14, 2026 reporting that on Oct 12, 2026 it issued an unsecured promissory note in the principal amount of $150,000 to CGC II Sponsor LLC. The filing states the note does not bear interest and the principal is payable on the earlier of (i) the date the company consummates its initial business combination and (ii) the date the winding up of the company is effective (the “Maturity Date”). The filing describes an option for the Sponsor, upon consummation of an initial business combination, to convert all or any portion of the outstanding principal into working capital warrants.

Key details

• Principal amount: $150,000; recipient: CGC II Sponsor LLC; note dated Oct 12, 2026.
• The note does not bear interest; principal payable on the earlier of initial business combination or winding up (Maturity Date).
• Sponsor may convert any portion of principal into working capital warrants equal to amount converted divided by $1.00, rounded up; terms of those warrants would be identical to the private placement warrants described in the IPO prospectus dated May 5, 2022.
• The note is subject to customary events of default, some of which automatically accelerate amounts due; issuance made pursuant to the exemption in Section 4(a)(2) of the Securities Act.

Why it may matter The company reported Item 1.01 (entry into a material definitive agreement) and Item 2.03 (creation of a direct financial obligation), which cover the terms of the promissory note and the company’s incurrence of the $150,000 obligation. A filing does not show why the insider traded or why the company acted.